SinoMab BioScience (HKSE:03681) Long-Term Capital Lease Obligation : HK$53.43 Mil (As of Dec. 2024)

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What is SinoMab BioScience Long-Term Capital Lease Obligation?

SinoMab BioScience's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$53.43 Mil.

SinoMab BioScience's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$59.88 Mil) to Jun. 2024 (HK$47.57 Mil) but then increased from Jun. 2024 (HK$47.57 Mil) to Dec. 2024 (HK$53.43 Mil).

SinoMab BioScience's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$81.55 Mil) to Dec. 2023 (HK$59.88 Mil) and declined from Dec. 2023 (HK$59.88 Mil) to Dec. 2024 (HK$53.43 Mil).

SinoMab BioScience Long-Term Capital Lease Obligation Historical Data

The historical data trend for SinoMab BioScience'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.

* Premium members only.

SinoMab BioScience Long-Term Capital Lease Obligation Chart

SinoMab BioScience Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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33.49

84.84

81.55

59.88

53.43

SinoMab BioScience Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									81.55	61.12	59.88	47.57	53.43

SinoMab BioScience (HKSE:03681) 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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SinoMab BioScience Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » SinoMab BioScience Ltd (HKSE:03681) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 15 Science Park West Avenue, Units 303 and 305 to 307, Hong Kong Science Park, Pak Shek Kok, New Territories, Hong Kong, HKG

Website

https://www.sinomab.com

SinoMab BioScience Ltd is a biopharmaceutical company. The company is engaged in the research, development, manufacturing, and commercialization of therapeutics for the treatment of immunological diseases, monoclonal antibody (mAb)-based biologics. Its flagship product, SM03 (Suciraslimab), is a potential global first-in target mAb for the treatment of rheumatoid arthritis (RA) and potentially for the treatment of other immunological diseases such as systemic lupus erythematosus (SLE), Sjogren's syndrome (SS) as well as non-Hodgkin's lymphoma (NHL), and other indications. The group derives revenue from Hong Kong.

Executives

Liu Wenyi	2201 Interest of corporation controlled by you
Qiang Jing
Shang Hai Yue Yi Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Shang Hai Xing Ze Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Hainan Haiyao Co. Ltd.	2101 Beneficial owner
Leung Shui On	2201 Interest of corporation controlled by you
West Biolake Holdings Limited	2101 Beneficial owner
Skytech Technology Limited	2101 Beneficial owner
China Citic Bank Co., Ltd., Haikou Branch	2106 Person having a security interest in shares
Xu Sijia	2101 Beneficial owner
Hai Kou Shi Nong Cun Xin Yong He Zuo Lian She	2106 Person having a security interest in shares
Apricot Oversea Holdings Limited	2101 Beneficial owner
Yun Nan Bai Yao Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Hai Nan Hai Yao Gu Fen You Xian Gong Si	2101 Beneficial owner

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