China Steel Chemical (TPE:1723) Long-Term Capital Lease Obligation : NT$591 Mil (As of Mar. 2024)

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What is China Steel Chemical Long-Term Capital Lease Obligation?

China Steel Chemical's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$591 Mil.

China Steel Chemical's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$590 Mil) to Dec. 2023 (NT$587 Mil) but then increased from Dec. 2023 (NT$587 Mil) to Mar. 2024 (NT$591 Mil).

China Steel Chemical's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$606 Mil) to Dec. 2022 (NT$590 Mil) and declined from Dec. 2022 (NT$590 Mil) to Dec. 2023 (NT$587 Mil).

China Steel Chemical Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Steel Chemical'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 Steel Chemical Long-Term Capital Lease Obligation Chart

China Steel Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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647.91

618.83

606.28

590.38

587.17

China Steel Chemical 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															607.06	601.07	590.45	587.17	590.74

China Steel Chemical (TPE:1723) 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 Steel Chemical (TPE:1723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Steel Chemical Corp (TPE:1723) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Chengong 2nd Road, 25th Floor, Qianzhen District, Kaohsiung, TWN

Website

https://www.cscc.com.tw

China Steel Chemical Corp is engaged in the production, processing, and sales of coal tar distillation products, Naphtha products, and coke products. Besides, it also trades related upstream and downstream products. The firm operates in three segments. The CSCC/CCSCM segment which derives the majority of revenue engages in the production and marketing of chemical products. EGI/CSCCC segment engages in the trade of chemical products. EWI segment engages in investment holding.

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