Formosa Chemicals & Fibre (TPE:1326) Long-Term Capital Lease Obligation : NT$818 Mil (As of Mar. 2024)

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What is Formosa Chemicals & Fibre Long-Term Capital Lease Obligation?

Formosa Chemicals & Fibre's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$818 Mil.

Formosa Chemicals & Fibre's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (NT$745 Mil) to Dec. 2023 (NT$809 Mil) and increased from Dec. 2023 (NT$809 Mil) to Mar. 2024 (NT$818 Mil).

Formosa Chemicals & Fibre's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$793 Mil) to Dec. 2022 (NT$804 Mil) and increased from Dec. 2022 (NT$804 Mil) to Dec. 2023 (NT$809 Mil).

Formosa Chemicals & Fibre Long-Term Capital Lease Obligation Historical Data

The historical data trend for Formosa Chemicals & Fibre'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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Formosa Chemicals & Fibre Long-Term Capital Lease Obligation Chart

Formosa Chemicals & Fibre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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750.72

711.80

793.47

804.25

808.98

Formosa Chemicals & Fibre 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															806.78	768.91	744.91	808.98	818.40

Formosa Chemicals & Fibre (TPE:1326) 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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Formosa Chemicals & Fibre (TPE:1326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosa Chemicals & Fibre Corp (TPE:1326) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Dunhua North Road, Number 201, Songshan District, Taipei, TWN, 105

Website

https://www.fcfc.com.tw

Formosa Chemicals & Fibre Corp manufactures and sells a variety of chemicals, plastics-based products, and textiles. The Company has eight business divisions, namely First Chemical Division, Petrochemicals Division, Third Chemical Division, Plastics Division, Textile Division, First Fiber Division, Second Fiber Division, and Engineering & Construction Division. The Company's businesses are production and sales of petrochemical products, including PTA, PS, AN, Butadiene, SM polymer, SM, benzene, toluene, pxylene (PX) and o-xylene (OX), as well as nylon fiber, and rayon staple fiber. The Company is also engaged in spinning, weaving, dyeing and finishing.

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