Topchoice Medical (SHSE:600763) Long-Term Capital Lease Obligation : ¥1,014 Mil (As of Mar. 2024)

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What is Topchoice Medical Long-Term Capital Lease Obligation?

Topchoice Medical's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,014 Mil.

Topchoice Medical's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥961 Mil) to Dec. 2023 (¥1,005 Mil) and increased from Dec. 2023 (¥1,005 Mil) to Mar. 2024 (¥1,014 Mil).

Topchoice Medical's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥1,021 Mil) to Dec. 2022 (¥984 Mil) but then increased from Dec. 2022 (¥984 Mil) to Dec. 2023 (¥1,005 Mil).

Topchoice Medical Long-Term Capital Lease Obligation Historical Data

The historical data trend for Topchoice Medical's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Topchoice Medical Long-Term Capital Lease Obligation Chart

Topchoice Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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387.30

1,021.23

983.75

1,004.79

Topchoice Medical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															985.71	974.04	961.12	1,004.79	1,013.64

Topchoice Medical (SHSE:600763) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Topchoice Medical Long-Term Capital Lease Obligation Related Terms

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Topchoice Medical (SHSE:600763) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Topchoice Medical Corp (SHSE:600763) » Definitions » Long-Term Capital Lease Obligation

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Address

Lingxi North Road, Building 5, Hesheng Guomao, No. 21, Zhejiang Province, Hangzhou, CHN, 310013

Website

http://www.tcmedical.com.cn

Topchoice Medical Investment Co Inc is engaged in providing medical services. The company operates as an integrated medical platform and has a number of oral medical, health and reproductive medical institutions.

Executives

Lv Jian Ming	Director
Zhao Min	Supervisors
Zhang Sen Quan	Director
Zhang Jin Cai	Director
Zhang Hong	Director

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