Infinite Finance Co (ROCO:6958) Long-Term Capital Lease Obligation : NT$106 Mil (As of Dec. 2023)

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

Infinite Finance Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$106 Mil.

Infinite Finance Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (NT$70 Mil) to Jun. 2023 (NT$106 Mil) but then declined from Jun. 2023 (NT$106 Mil) to Dec. 2023 (NT$106 Mil).

Infinite Finance Co's annual Long-Term Capital Lease Obligation increased from . 20 (NT$0 Mil) to Dec. 2022 (NT$70 Mil) and increased from Dec. 2022 (NT$70 Mil) to Dec. 2023 (NT$106 Mil).

Infinite Finance Co Long-Term Capital Lease Obligation Historical Data

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

Infinite Finance Co Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

69.96

105.70

Infinite Finance Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	69.96	106.30	105.70

Infinite Finance Co (ROCO:6958) 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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Infinite Finance Co (ROCO:6958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Infinite Finance Co Ltd (ROCO:6958) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.68, Songjiang Road, 7th Floor, Zhongshan District, Taipei, TWN

Website

http://www.inftfinance.com

Infinite Finance Co Ltd provides various types of vehicle loans for heavy vehicles, tour buses, vans and small passenger cars, Its operations comprise procurement loans for heavy vehicles, tour buses, vans and small passenger cars; procurement loans and leasing services for various types of construction and engineering equipment include cranes, excavators, loaders, stackers, piling machines; letter of credit for imported machinery services; green energy financing and other services.

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