Kangji Medical Holdings (HKSE:09997) Long-Term Capital Lease Obligation : HK$41 Mil (As of Dec. 2023)

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What is Kangji Medical Holdings Long-Term Capital Lease Obligation?

Kangji Medical Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$41 Mil.

Kangji Medical Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$47 Mil) to Jun. 2023 (HK$46 Mil) and declined from Jun. 2023 (HK$46 Mil) to Dec. 2023 (HK$41 Mil).

Kangji Medical Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (HK$3 Mil) to Dec. 2022 (HK$47 Mil) but then declined from Dec. 2022 (HK$47 Mil) to Dec. 2023 (HK$41 Mil).

Kangji Medical Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kangji Medical Holdings'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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Kangji Medical Holdings Long-Term Capital Lease Obligation Chart

Kangji Medical Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.25

2.88

47.26

41.44

Kangji Medical Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							2.88	49.48	47.26	45.74	41.44

Kangji Medical Holdings (HKSE:09997) 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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Kangji Medical Holdings (HKSE:09997) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kangji Medical Holdings Ltd (HKSE:09997) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

50J:Germany

Address

No. 1668 Chunjiang East Road, Tonglu Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

https://www.kangjimedical.com

Kangji Medical Holdings Ltd is engaged in the production and sales of minimally invasive surgical instruments and accessories. The company offers a product portfolio to provide physicians and hospitals with one-shop and tailored surgical solutions for four surgical specialties OBGYN, general surgery, urology, and thoracic surgery. It manufactures and sells both disposable and reusable products. Its product portfolio includes disposable trocars, polymer ligation clips, disposable electrocoagulation forceps, and reusable trocar and forceps. It derives the majority of its revenue from Mainland China.

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