Hotai Motor Co (TPE:2207) Long-Term Capital Lease Obligation : NT$1,799 Mil (As of Mar. 2024)

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What is Hotai Motor Co Long-Term Capital Lease Obligation?

Hotai Motor Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,799 Mil.

Hotai Motor Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$1,961 Mil) to Dec. 2023 (NT$1,743 Mil) but then increased from Dec. 2023 (NT$1,743 Mil) to Mar. 2024 (NT$1,799 Mil).

Hotai Motor Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$1,702 Mil) to Dec. 2022 (NT$1,808 Mil) but then declined from Dec. 2022 (NT$1,808 Mil) to Dec. 2023 (NT$1,743 Mil).

Hotai Motor Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hotai Motor 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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Hotai Motor Co Long-Term Capital Lease Obligation Chart

Hotai Motor Co Annual Data

Trend

Dec14

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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1,492.84

1,422.07

1,702.44

1,807.56

1,742.74

Hotai Motor 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															1,974.81	1,990.01	1,960.79	1,742.74	1,798.82

Hotai Motor Co (TPE:2207) 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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Hotai Motor Co (TPE:2207) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hotai Motor Co Ltd (TPE:2207) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 121 Sung Chiang Road, 8th-14th Floor, Taipei, TWN

Website

https://www.hotaimotor.com.tw

Hotai Motor Co Ltd is an automobile distribution company domiciled in Taiwan. The company distributes new and used passenger vehicles under the Toyota and Lexus brands; commercial vehicles, including trucks, under the Toyota and HINO brands; and Toyota industrial equipment. It earns more than half its sales from HINO- and Toyota-branded products. In addition to vehicle sales, Hotai Motor provides leasing and financing services, insurance, vehicle accessories, and vehicle servicing. Its segments include the Distributor of Toyota and Hino products segments, Installment trading, Leasing, Property insurance, overseas sales agent and other segments. It has operations across both Taiwan and mainland China, with the vast majority of revenue derived domestically.

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