Yeong Guan Energy Technology Group Co (TPE:1589) Long-Term Capital Lease Obligation : NT$207 Mil (As of Mar. 2024)

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What is Yeong Guan Energy Technology Group Co Long-Term Capital Lease Obligation?

Yeong Guan Energy Technology Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$207 Mil.

Yeong Guan Energy Technology Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$207 Mil) to Dec. 2023 (NT$200 Mil) but then increased from Dec. 2023 (NT$200 Mil) to Mar. 2024 (NT$207 Mil).

Yeong Guan Energy Technology Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$181 Mil) to Dec. 2022 (NT$171 Mil) but then increased from Dec. 2022 (NT$171 Mil) to Dec. 2023 (NT$200 Mil).

Yeong Guan Energy Technology Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Yeong Guan Energy Technology Group 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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Yeong Guan Energy Technology Group Co Long-Term Capital Lease Obligation Chart

Yeong Guan Energy Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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210.30

205.18

180.90

171.44

199.61

Yeong Guan Energy Technology Group Co 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															168.53	209.99	206.50	199.61	207.40

Yeong Guan Energy Technology Group Co (TPE:1589) 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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Yeong Guan Energy Technology Group Co (TPE:1589) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yeong Guan Energy Technology Group Co Ltd (TPE:1589) » Definitions » Long-Term Capital Lease Obligation

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Address

Cricket Square, Hutchins Drive, Po Box 2681, Grand Cayman, CYM, KY1-1111

Website

http://www.ygget.com

Yeong Guan Energy Technology Group Co Ltd manufactures a variety of castings, casings, heavy equipment, and components for industrial and energy markets. It serves the wind and thermal power generation markets by constructing components to withstand volatile environments and support advanced systems. The company's products and molding machines help fit and connect large structures and provide a sturdy base for moving apparatuses. Yeong Guan's product portfolio consists of forging machines, hydraulic presses, cranes, equipment beds, rolling mills, air compressors, and mining machinery. In addition, the company manufactures medical equipment to treat cancer cells and apply radiation.

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