Hon Hai Precision Industry Co (TPE:2317) Long-Term Capital Lease Obligation : NT$17,829 Mil (As of Mar. 2024)

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What is Hon Hai Precision Industry Co Long-Term Capital Lease Obligation?

Hon Hai Precision Industry Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$17,829 Mil.

Hon Hai Precision Industry Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (NT$16,222 Mil) to Dec. 2023 (NT$16,711 Mil) and increased from Dec. 2023 (NT$16,711 Mil) to Mar. 2024 (NT$17,829 Mil).

Hon Hai Precision Industry Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$18,217 Mil) to Dec. 2022 (NT$17,462 Mil) and declined from Dec. 2022 (NT$17,462 Mil) to Dec. 2023 (NT$16,711 Mil).

Hon Hai Precision Industry Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hon Hai Precision Industry 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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Hon Hai Precision Industry Co Long-Term Capital Lease Obligation Chart

Hon Hai Precision Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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20,875.34

20,390.74

18,217.03

17,461.58

16,711.38

Hon Hai Precision Industry 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															18,512.71	16,624.07	16,222.19	16,711.38	17,828.96

Hon Hai Precision Industry Co (TPE:2317) 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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Hon Hai Precision Industry Co (TPE:2317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hon Hai Precision Industry Co Ltd (TPE:2317) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HNHPF:USA HHPDl:UK HHPD:UK HHP2:Germany

Address

No.2, Zihyou Street, Tucheng District, New Taipei, TWN, 236

Website

https://www.foxconn.com

Hon Hai Precision is the world's largest contract manufacturer of consumer electronics, communications, and computer products. It is the biggest supplier to Apple, whose business accounted for 55% of overall revenue in 2022. Hon Hai is also involved in the production of upstream components such as electronic connectors, semiconductor packaging, and metal casings for smartphones. These upstream activities are mainly conducted through its listed majority-owned subsidiaries Foxconn Industrial Internet and FIH Mobile. In response to its traditional end markets of computers, smartphones, and telecom equipment maturing in 2019 it started on a strategy to develop expertise in three new growth areas—electric vehicles, digital health, and robotics.

Hon Hai Precision Industry Co (TPE:2317) Headlines

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