Shanghai INT Medical Instruments Co (HKSE:01501) Long-Term Capital Lease Obligation : HK$17.1 Mil (As of Dec. 2023)

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What is Shanghai INT Medical Instruments Co Long-Term Capital Lease Obligation?

Shanghai INT Medical Instruments Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$17.1 Mil.

Shanghai INT Medical Instruments Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$17.8 Mil) to Jun. 2023 (HK$16.7 Mil) but then increased from Jun. 2023 (HK$16.7 Mil) to Dec. 2023 (HK$17.1 Mil).

Shanghai INT Medical Instruments Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$16.2 Mil) to Dec. 2022 (HK$17.8 Mil) but then declined from Dec. 2022 (HK$17.8 Mil) to Dec. 2023 (HK$17.1 Mil).

Shanghai INT Medical Instruments Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai INT Medical Instruments 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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Shanghai INT Medical Instruments Co Long-Term Capital Lease Obligation Chart

Shanghai INT Medical Instruments Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.80

1.68

16.18

17.81

17.12

Shanghai INT Medical Instruments Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								16.18	15.71	17.81	16.72	17.12

Shanghai INT Medical Instruments Co (HKSE:01501) 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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Shanghai INT Medical Instruments Co (HKSE:01501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai INT Medical Instruments Co Ltd (HKSE:01501) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 925 Jin Yuan Yi Road, Block 2, Jiading District, Shanghai, CHN, 201803

Website

https://www.kdl-int.com

Shanghai INT Medical Instruments Co Ltd formerly Shanghai Kindly Medical Instruments Co Ltd is a manufacturer of cardiovascular interventional devices, which are mainly used in cardiovascular surgeries, and in particular, PCI procedures in China. It is engaged in the sales, manufacture, research, and development of cardiovascular interventional medical devices as well as related accessories and molds. It is also engaged in the research and development of other interventional and implantable medical devices, such as neurological interventional medical devices and endocardia implantable medical devices, among others. Geographically, it has operations in Mainland China, Europe, the United States, and Other countries.

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