Gloria Material Technology (ROCO:5009) Long-Term Capital Lease Obligation : NT$51 Mil (As of Mar. 2024)

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What is Gloria Material Technology Long-Term Capital Lease Obligation?

Gloria Material Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$51 Mil.

Gloria Material Technology's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (NT$58 Mil) to Sep. 2023 (NT$58 Mil) but then declined from Sep. 2023 (NT$58 Mil) to Mar. 2024 (NT$51 Mil).

Gloria Material Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (NT$47 Mil) to Dec. 2021 (NT$69 Mil) but then declined from Dec. 2021 (NT$69 Mil) to Dec. 2022 (NT$40 Mil).

Gloria Material Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gloria Material Technology'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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Gloria Material Technology Long-Term Capital Lease Obligation Chart

Gloria Material Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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159.66

45.64

47.01

69.48

39.93

Gloria Material Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															39.93	59.16	57.54	57.63	50.95

Gloria Material Technology (ROCO:5009) 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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Gloria Material Technology (ROCO:5009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Gloria Material Technology Corp (ROCO:5009) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 35 Xinzhong Road, Xinying District, Tainan, TWN

Website

https://www.gmtc.com.tw

Gloria Material Technology Corp is mainly engaged in the production and sale of special steel, carbon steel, alloy steel, super alloy and smelting of the raw materials of these products. GMTC provides various quality materials at such as Superalloy, Titanium Alloy, High Speed Steel, Tool Steel, Stainless Steel, various ESR, VAR materials and Quenched-Tempered Steel and has various steel grades. Its product shapes are focused on Round bars and Square bars. The company's products include cold work tool steel, hot work tool steel, and carbon tool steel.

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