Wenzhou Kangning Hospital Co (HKSE:02120) Long-Term Capital Lease Obligation : HK$171 Mil (As of Jun. 2024)

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What is Wenzhou Kangning Hospital Co Long-Term Capital Lease Obligation?

Wenzhou Kangning Hospital Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$171 Mil.

Wenzhou Kangning Hospital Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (HK$164 Mil) to Dec. 2023 (HK$179 Mil) but then declined from Dec. 2023 (HK$179 Mil) to Jun. 2024 (HK$171 Mil).

Wenzhou Kangning Hospital Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$284 Mil) to Dec. 2022 (HK$191 Mil) and declined from Dec. 2022 (HK$191 Mil) to Dec. 2023 (HK$179 Mil).

Wenzhou Kangning Hospital Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wenzhou Kangning Hospital 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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Wenzhou Kangning Hospital Co Long-Term Capital Lease Obligation Chart

Wenzhou Kangning Hospital Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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204.53

230.69

283.75

191.45

178.55

Wenzhou Kangning Hospital Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															282.32	191.45	164.29	178.55	171.08

Wenzhou Kangning Hospital Co (HKSE:02120) 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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Wenzhou Kangning Hospital Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Wenzhou Kangning Hospital Co Ltd (HKSE:02120) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Shengjin Road, Huanglong Residential District, Zhejiang, Wenzhou, CHN

Website

http://www.knhosp.cn

Wenzhou Kangning Hospital Co Ltd is engaged in operating and managing a network of healthcare facilities that focus on providing psychiatric specialty care and elderly rehabilitation service across various regions in China. The company operates only in one reporting segment. The Group generates revenue mainly through the following three ways- revenue from operating its owned hospitals; revenue from other healthcare related business; and other revenue not related to healthcare business.

Executives

Kangning Success Holding Limited	2201 Interest of corporation controlled by you
Trident Trust Company (hk) Limited	2301 Trustee
Ubs Group Ag	2201 Interest of corporation controlled by you
Zou Haili	2101 Beneficial owner

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