Contec Medical Systems Co (SZSE:300869) Long-Term Capital Lease Obligation : ¥3.3 Mil (As of Mar. 2024)

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What is Contec Medical Systems Co Long-Term Capital Lease Obligation?

Contec Medical Systems Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3.3 Mil.

Contec Medical Systems Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥2.9 Mil) to Dec. 2023 (¥2.7 Mil) but then increased from Dec. 2023 (¥2.7 Mil) to Mar. 2024 (¥3.3 Mil).

Contec Medical Systems Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥2.8 Mil) to Dec. 2022 (¥4.1 Mil) but then declined from Dec. 2022 (¥4.1 Mil) to Dec. 2023 (¥2.7 Mil).

Contec Medical Systems Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Contec Medical Systems 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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Contec Medical Systems Co Long-Term Capital Lease Obligation Chart

Contec Medical Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.79

4.06

2.72

Contec Medical Systems 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															3.72	3.30	2.87	2.72	3.32

Contec Medical Systems Co (SZSE:300869) 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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Contec Medical Systems Co (SZSE:300869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Contec Medical Systems Co Ltd (SZSE:300869) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 112, Qinhuang West Street, Economic and Technological Development Zone, Hebei Province, Qinhuangdao, CHN, 066004

Website

http://www.contecmed.com.cn

Contec Medical Systems Co Ltd is engaged in research and development, production and sales of medical diagnosis and monitoring equipment. The company's products portfolio includes Blood pressure series; Blood oxygen series; Multi-parameter monitoring series; In Vitro Diagnostic Series; EEG series; Breathing sleep series; ECG series; Digital Image Series; Fetal Monitoring Series; Arteriosclerosis Series; Telemedicine and health management; and Home health products.

Executives

Xu Yun Long	Executives
Zheng Min	Directors, Directors, and Executives
Yang Zhi Shan	Directors, executives
Wang Gui Li	Director
Liu Zhen Hong	Executives
Kou Guo Zhi	Executives
Gao Rui Bin	Supervisors
Fu Chun Yuan	Executives

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