Sipai Health Technology Co (HKSE:00314) Long-Term Capital Lease Obligation : HK$43 Mil (As of Dec. 2023)

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What is Sipai Health Technology Co Long-Term Capital Lease Obligation?

Sipai Health Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$43 Mil.

Sipai Health Technology Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$43 Mil) to Jun. 2023 (HK$43 Mil) but then declined from Jun. 2023 (HK$43 Mil) to Dec. 2023 (HK$43 Mil).

Sipai Health Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$65 Mil) to Dec. 2022 (HK$43 Mil) and declined from Dec. 2022 (HK$43 Mil) to Dec. 2023 (HK$43 Mil).

Sipai Health Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sipai Health Technology 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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Sipai Health Technology Co Long-Term Capital Lease Obligation Chart

Sipai Health Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

64.77

43.27

43.03

Sipai Health Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	64.77	-	43.27	43.48	43.03

Sipai Health Technology Co (HKSE:00314) 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.

Sipai Health Technology Co Long-Term Capital Lease Obligation Related Terms

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Sipai Health Technology Co (HKSE:00314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Sipai Health Technology Co Ltd (HKSE:00314) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AX1:Germany

Address

No. 1888, Caoyang Road, 7/F, Building 3, Xingguangyao Plaza, Putuo District, Shanghai, CHN

Website

https://www.medbankshealthtech.com

Sipai Health Technology Co Ltd is a medical technology and health management company in China. It has three reportable operating segments: Specialty Pharmacy Business - operation and distribution of specialty pharmacy stores and pharmaceutical products; Physician Research Assistance Business - offering pharmaceutical companies and other clinical trial institutions site management organization services; Health Insurance Services Business - rendering insurance brokerage services to insurance companies. The company generates key revenue from Specialty Pharmacy Business. Almost all of the company's revenues were derived from operations in the PRC.

Executives

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