Jinhai Medical Technology (HKSE:02225) Long-Term Capital Lease Obligation : HK$20.4 Mil (As of Dec. 2023)

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What is Jinhai Medical Technology Long-Term Capital Lease Obligation?

Jinhai Medical Technology's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$20.4 Mil.

Jinhai Medical Technology's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$4.1 Mil) to Jun. 2023 (HK$2.1 Mil) but then increased from Jun. 2023 (HK$2.1 Mil) to Dec. 2023 (HK$20.4 Mil).

Jinhai Medical Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$1.5 Mil) to Dec. 2022 (HK$4.1 Mil) and increased from Dec. 2022 (HK$4.1 Mil) to Dec. 2023 (HK$20.4 Mil).

Jinhai Medical Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jinhai Medical Technology'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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Jinhai Medical Technology Long-Term Capital Lease Obligation Chart

Jinhai Medical Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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28.74

4.13

1.45

4.11

20.39

Jinhai Medical Technology Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												1.45	0.58	4.11	2.14	20.39

Jinhai Medical Technology (HKSE:02225) 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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Jinhai Medical Technology (HKSE:02225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Jinhai Medical Technology Ltd (HKSE:02225) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

31 Sungei Kadut Avenue, Singapore, SGP, 729660

Website

https://www.jin-hai.com.hk

Jinhai International Group Holdings Ltd is a Singapore-based company engaged in the provision of manpower outsourcing and ancillary services to building and construction contractors in Singapore. It also provides dormitory services, IT services, and construction ancillary services including warehousing services, cleaning services, and building maintenance work in Singapore. It earns a vast majority of its revenues from the Manpower outsourcing and ancillary services segment.

Executives

Liu Lei	2101 Beneficial owner
Chen Guobao	2201 Interest of corporation controlled by you
Full Fortune International Co., Ltd.	2101 Beneficial owner
Jiang Xiahong	2202 Interest of your spouse

Jinhai Medical Technology (HKSE:02225) Headlines

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