China Health Group (HKSE:00673) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Sep. 2023)

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What is China Health Group Long-Term Capital Lease Obligation?

China Health Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.00 Mil.

China Health Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$0.30 Mil) to Mar. 2023 (HK$0.00 Mil) but then stayed the same from Mar. 2023 (HK$0.00 Mil) to Sep. 2023 (HK$0.00 Mil).

China Health Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$0.73 Mil) to Mar. 2022 (HK$0.00 Mil) but then stayed the same from Mar. 2022 (HK$0.00 Mil) to Mar. 2023 (HK$0.00 Mil).

China Health Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Health 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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China Health Group Long-Term Capital Lease Obligation Chart

China Health Group Annual Data

Trend

Mar14

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Mar23

Long-Term Capital Lease Obligation

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1.86

0.73

China Health Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.28	-	0.30	-	-

China Health Group (HKSE:00673) 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.

China Health Group Long-Term Capital Lease Obligation Related Terms

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China Health Group (HKSE:00673) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » China Health Group Ltd (HKSE:00673) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

141 Des Voeux Road, Unit 801, 8th Floor, China Insurance Group Building, Central, Hong Kong, HKG

Website

http://www.ch-groups.com

China Health Group Ltd is an investment holding company. It is principally engaged in the distribution and service of medical equipment and consumables, provision of hospital operation and management service, and business factoring. It operates in the business in three segments Distribution and service in medical equipment and consumables; Hospital operation and management services and Business factoring service. It derives a majority of revenue from the Distribution and service in the medical equipment and consumables segment. Geographically the group's locations are located in the PRC.

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