Innolux (TPE:3481) Long-Term Capital Lease Obligation : NT$3,099 Mil (As of Mar. 2024)

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What is Innolux Long-Term Capital Lease Obligation?

Innolux's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$3,099 Mil.

Innolux's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$3,246 Mil) to Dec. 2023 (NT$3,125 Mil) and declined from Dec. 2023 (NT$3,125 Mil) to Mar. 2024 (NT$3,099 Mil).

Innolux's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$4,391 Mil) to Dec. 2022 (NT$3,882 Mil) and declined from Dec. 2022 (NT$3,882 Mil) to Dec. 2023 (NT$3,125 Mil).

Innolux Long-Term Capital Lease Obligation Historical Data

The historical data trend for Innolux'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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Innolux Long-Term Capital Lease Obligation Chart

Innolux Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4,977.02

4,894.09

4,391.33

3,882.39

3,125.35

Innolux 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															3,761.61	3,580.13	3,246.15	3,125.35	3,098.93

Innolux (TPE:3481) 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.

Innolux Long-Term Capital Lease Obligation Related Terms

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Innolux (TPE:3481) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Innolux Corp (TPE:3481) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 160, Science Road, Hsinchu Science Park, Zhunan Site, Miaoli, TWN, 35053

Website

https://www.innolux.com

Innolux Corp is a Taiwan-based company that designs, manufactures, and distributes thin-film transistor liquid crystal display panels to original-equipment manufacturers. Its panels range from 18 inches to 100 inches and are used in television sets, desktop monitors, notebooks and tablets, and medical and automotive applications. The company has more than 10 manufacturing facilities, predominantly in Taiwan. It generates revenue in Taiwan and markets in Asia, the Americas, and Europe.

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