Quanta Storage (ROCO:6188) Long-Term Capital Lease Obligation : NT$39 Mil (As of Mar. 2024)

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What is Quanta Storage Long-Term Capital Lease Obligation?

Quanta Storage's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$39 Mil.

Quanta Storage's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (NT$50 Mil) to Dec. 2023 (NT$52 Mil) but then declined from Dec. 2023 (NT$52 Mil) to Mar. 2024 (NT$39 Mil).

Quanta Storage's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$93 Mil) to Dec. 2022 (NT$90 Mil) and declined from Dec. 2022 (NT$90 Mil) to Dec. 2023 (NT$52 Mil).

Quanta Storage Long-Term Capital Lease Obligation Historical Data

The historical data trend for Quanta Storage'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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Quanta Storage Long-Term Capital Lease Obligation Chart

Quanta Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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75.00

41.54

93.42

89.88

52.43

Quanta Storage 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															84.11	66.77	49.60	52.43	38.91

Quanta Storage (ROCO:6188) 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.

Quanta Storage Long-Term Capital Lease Obligation Related Terms

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Quanta Storage (ROCO:6188) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quanta Storage Inc (ROCO:6188) » Definitions » Long-Term Capital Lease Obligation

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Address

6th Floor, No. 58-2, Huaya 2nd Road, Guishan District, Taoyuan, TWN, 333411

Website

http://www.qsitw.com

Quanta Storage Inc. is a Taiwan-based company, engaged in the research and development, design, manufacture, and supply of optical storage products. It offers a product such as storage and peripheral products which include NAS, DAS, USB-C power delivery and mini docks, adapters, and Wi-Fi storage products, solid state drives and intelligent automation systems. Geographically, it derives a majority of revenue from Mainland China.

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