China Petrochemical Development (TPE:1314) Long-Term Capital Lease Obligation : NT$217 Mil (As of Mar. 2024)

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What is China Petrochemical Development Long-Term Capital Lease Obligation?

China Petrochemical Development's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$217 Mil.

China Petrochemical Development's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$226 Mil) to Dec. 2023 (NT$219 Mil) and declined from Dec. 2023 (NT$219 Mil) to Mar. 2024 (NT$217 Mil).

China Petrochemical Development's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$240 Mil) to Dec. 2022 (NT$249 Mil) but then declined from Dec. 2022 (NT$249 Mil) to Dec. 2023 (NT$219 Mil).

China Petrochemical Development Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Petrochemical Development'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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China Petrochemical Development Long-Term Capital Lease Obligation Chart

China Petrochemical Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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203.33

249.74

240.12

249.50

218.62

China Petrochemical Development 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															243.81	233.90	225.71	218.62	216.92

China Petrochemical Development (TPE:1314) 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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China Petrochemical Development (TPE:1314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Petrochemical Development Corp (TPE:1314) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Jingjian Road, Dashe District, Kaohsiung, TWN, 815

Website

https://www.cpdc.com.tw

China Petrochemical Development Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into two reportable segments based on product type: the caprolactam and acrylonitrile and nylon segments. The caprolactam segment, which generates the most revenue of the two segments, involves the sales of textiles, plastic automotive parts, packaging films, conveyor belts, ropes, and fishing lines. The acrylonitrile sell acrylic fibers, a plastic used for home appliance casings and tools, and water treatment products. The products of nylon pellets include fiber nylon pellets and engineering plastic nylon pellets.

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