New Journey Health Technology Group Co (SZSE:002219) Long-Term Capital Lease Obligation : ¥66 Mil (As of Mar. 2024)

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What is New Journey Health Technology Group Co Long-Term Capital Lease Obligation?

New Journey Health Technology Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥66 Mil.

New Journey Health Technology Group Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥54 Mil) to Dec. 2023 (¥75 Mil) but then declined from Dec. 2023 (¥75 Mil) to Mar. 2024 (¥66 Mil).

New Journey Health Technology Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥55 Mil) to Dec. 2022 (¥47 Mil) but then increased from Dec. 2022 (¥47 Mil) to Dec. 2023 (¥75 Mil).

New Journey Health Technology Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for New Journey Health Technology Group 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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New Journey Health Technology Group Co Long-Term Capital Lease Obligation Chart

New Journey Health Technology Group Co Annual Data

Trend

Dec14

Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.71

55.34

47.00

74.70

New Journey Health Technology Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															41.15	55.94	54.17	74.70	65.87

New Journey Health Technology Group Co (SZSE:002219) 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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New Journey Health Technology Group Co (SZSE:002219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » New Journey Health Technology Group Co Ltd (SZSE:002219) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Duyiyi Industrial Park, Wangba, Kang County, Gansu Province, Longnan, CHN, 610000

Website

http://www.hkmg.com

New Journey Health Technology Group Co Ltd formerly Hengkang Medical Group Co Ltd is engaged in research, development, and manufacturing of natural herbal medicines. The company's products include analgesic and haemostatic drugs.

Executives

Song Li Hua	Directors, executives
Yu Mei	Directors, executives
Wang Yong	Executives
Zuo Bin Lin	Executives
Tang Can	Director
Duan Zhi Ping	Director
Zhou Xian Min	Director
Guo Kai	Executives

Xie Hai	Executives
Shi Xiao Ming	Executives
Li Yu Fei	Supervisors
Huang Rui	Directors, executives
Pan Yu	Supervisors
Liao Li Dong	Executives

New Journey Health Technology Group Co (SZSE:002219) Headlines

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