Hotai Finance Co (TPE:6592) Long-Term Capital Lease Obligation : NT$331 Mil (As of Mar. 2024)

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What is Hotai Finance Co Long-Term Capital Lease Obligation?

Hotai Finance Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$331 Mil.

Hotai Finance Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (NT$327 Mil) to Dec. 2023 (NT$354 Mil) but then declined from Dec. 2023 (NT$354 Mil) to Mar. 2024 (NT$331 Mil).

Hotai Finance Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$227 Mil) to Dec. 2022 (NT$256 Mil) and increased from Dec. 2022 (NT$256 Mil) to Dec. 2023 (NT$354 Mil).

Hotai Finance Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hotai Finance 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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Hotai Finance Co Long-Term Capital Lease Obligation Chart

Hotai Finance Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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181.46

182.66

226.77

255.83

354.33

Hotai Finance 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															263.34	313.02	326.86	354.33	330.81

Hotai Finance Co (TPE:6592) 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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Hotai Finance Co (TPE:6592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Hotai Finance Co Ltd (TPE:6592) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No.605, Ruiguang Road, 10th Floor, Neihu District, Taipei, TWN, 114

Website

https://www.hfcfinance.com.tw

Hotai Finance Co Ltd is a Taiwan-based full-service financing company. It is engaged in installment sales and leases of vehicles and equipment. The company offers products and services such as an Installment loan for a new car, used car, motorcycle and scooter, and others. Geographically, the firm operates in China and Taiwan. It generates a most of revenue from interest income.

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