Gold Rain Enterprises (ROCO:4503) Long-Term Capital Lease Obligation : NT$4.5 Mil (As of Mar. 2024)

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What is Gold Rain Enterprises Long-Term Capital Lease Obligation?

Gold Rain Enterprises's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$4.5 Mil.

Gold Rain Enterprises's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (NT$1.8 Mil) to Dec. 2023 (NT$4.0 Mil) and increased from Dec. 2023 (NT$4.0 Mil) to Mar. 2024 (NT$4.5 Mil).

Gold Rain Enterprises's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$2.8 Mil) to Dec. 2022 (NT$4.0 Mil) but then declined from Dec. 2022 (NT$4.0 Mil) to Dec. 2023 (NT$4.0 Mil).

Gold Rain Enterprises Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gold Rain Enterprises'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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Gold Rain Enterprises Long-Term Capital Lease Obligation Chart

Gold Rain Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.23

0.61

2.81

3.98

Gold Rain Enterprises 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															3.67	2.58	1.85	3.98	4.53

Gold Rain Enterprises (ROCO:4503) 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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Gold Rain Enterprises (ROCO:4503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gold Rain Enterprises Corp (ROCO:4503) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 101, Lane 411, PU-NEI Street, Yen-Ho Li, Chang Hua, TWN

Website

http://www.alona.com.tw

Gold Rain Enterprises Corp is a Taiwan based manufacturer of vending machines. It offers KIOSK information service machines comprising of digital vending machines, post machines, digital photo printers, knocking gamers, parking ticket machines, and coin meters. In addition to the research and development and manufacturing of vending machines, it provides a complete line of mechanical foundry and assembly services with complete production line tools, such as various types of molds, punching beds, laser cutting, painting, welding and assembly lines.

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