Guangzhou Kingmed Diagnostics Group Co (SHSE:603882) Long-Term Capital Lease Obligation : ¥159 Mil (As of Mar. 2024)

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What is Guangzhou Kingmed Diagnostics Group Co Long-Term Capital Lease Obligation?

Guangzhou Kingmed Diagnostics Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥159 Mil.

Guangzhou Kingmed Diagnostics Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥200 Mil) to Dec. 2023 (¥180 Mil) and declined from Dec. 2023 (¥180 Mil) to Mar. 2024 (¥159 Mil).

Guangzhou Kingmed Diagnostics Group Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥172 Mil) to Dec. 2022 (¥204 Mil) but then declined from Dec. 2022 (¥204 Mil) to Dec. 2023 (¥180 Mil).

Guangzhou Kingmed Diagnostics Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guangzhou Kingmed Diagnostics Group Co'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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Guangzhou Kingmed Diagnostics Group Co Long-Term Capital Lease Obligation Chart

Guangzhou Kingmed Diagnostics Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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132.36

172.39

203.63

180.26

Guangzhou Kingmed Diagnostics Group Co 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															185.44	216.34	200.35	180.26	159.31

Guangzhou Kingmed Diagnostics Group Co (SHSE:603882) 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.

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Guangzhou Kingmed Diagnostics Group Co (SHSE:603882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Guangzhou Kingmed Diagnostics Group Co Ltd (SHSE:603882) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

International Biological Island spiral three on the 10th, Guangdong Province, Guangzhou, CHN, 510000

Website

http://www.kingmed.com.cn

Guangzhou Kingmed Diagnostics Group Co Ltd is a medical laboratory company. It is engaged in third-party medical testing and pathological diagnosis business. Further, it is also involved in clinical trials, food and hygiene testing, and scientific research service. Geographically, the business activities are carried out through China.

Executives

Wang Ling Lai	Director
Yu Shi Hui	senior management
Liang Yao Ming	Director
Peng Yong Xiang	Director

Guangzhou Kingmed Diagnostics Group Co (SHSE:603882) Headlines

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