NewGenIvf Group (NewGenIvf Group) Long-Term Capital Lease Obligation : $0.16 Mil (As of Jun. 2023)

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What is NewGenIvf Group Long-Term Capital Lease Obligation?

NewGenIvf Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.16 Mil.

NewGenIvf Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($0.00 Mil) to Dec. 2022 ($0.25 Mil) but then declined from Dec. 2022 ($0.25 Mil) to Jun. 2023 ($0.16 Mil).

NewGenIvf Group's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2021 ($0.26 Mil) but then declined from Dec. 2021 ($0.26 Mil) to Dec. 2022 ($0.25 Mil).

NewGenIvf Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for NewGenIvf Group'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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NewGenIvf Group Long-Term Capital Lease Obligation Chart

NewGenIvf Group Annual Data

Trend

Dec21

Dec22

Long-Term Capital Lease Obligation

0.26

0.25

NewGenIvf Group Quarterly Data
	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	0.26	-	0.25	0.16

NewGenIvf Group (NAS:NIVF) 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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NewGenIvf Group (NewGenIvf Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » NewGenIvf Group Ltd (NAS:NIVF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sukhumvit 21 Road, Asoke, 36/39-36/40, 13th Floor, PS Tower, Khlong Toei Nuea Sub-district, Watthana District, Bangkok, THA, 10110

Website

https://www.newgenivf.com

NewGenIvf Group Ltd is a company engaged in providing assisted reproductive services in Asia Pacific with a focus on providing fertility treatments to fulfil the dreams of building families, NewGenIvf mainly offers two services, namely first which is a in-vitro fertilization (IVF) treatment service, comprising traditional IVF and egg donation; and surrogacy and ancillary caring services.

NewGenIvf Group (NewGenIvf Group) Headlines

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