Chang Type Industrial Co (TPE:1541) Long-Term Capital Lease Obligation : NT$386 Mil (As of Mar. 2024)

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What is Chang Type Industrial Co Long-Term Capital Lease Obligation?

Chang Type Industrial Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$386 Mil.

Chang Type Industrial Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (NT$267 Mil) to Dec. 2023 (NT$441 Mil) but then declined from Dec. 2023 (NT$441 Mil) to Mar. 2024 (NT$386 Mil).

Chang Type Industrial Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$317 Mil) to Dec. 2022 (NT$288 Mil) but then increased from Dec. 2022 (NT$288 Mil) to Dec. 2023 (NT$441 Mil).

Chang Type Industrial Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chang Type Industrial 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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Chang Type Industrial Co Long-Term Capital Lease Obligation Chart

Chang Type Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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180.15

173.90

317.21

288.21

440.63

Chang Type Industrial 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															283.90	278.24	266.78	440.63	386.20

Chang Type Industrial Co (TPE:1541) 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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Chang Type Industrial Co (TPE:1541) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chang Type Industrial Co Ltd (TPE:1541) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 41, Nan-Tsuen Road, Ho-Li, Taichung, TWN, 42127

Website

https://www.toty.com.tw

Chang Type Industrial Co Ltd engages in manufacture, process and sell hand tools, electric machines, motors, power tools, automatic control system, computer machinery, electric test instruments, woodworking machines and metal parts. The Company is also the agent to import and export raw materials for all related products mentioned above and to design various molds and fixtures.. The company's products include miter saws, scroll saws, radial arm saws and band saws and also manufacture motors, IC controls boards for power tools.

Chang Type Industrial Co (TPE:1541) Headlines

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