Promate Electronic Co (TPE:6189) Long-Term Capital Lease Obligation : NT$80 Mil (As of Mar. 2024)

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What is Promate Electronic Co Long-Term Capital Lease Obligation?

Promate Electronic Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$80 Mil.

Promate Electronic Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (NT$40 Mil) to Dec. 2023 (NT$71 Mil) and increased from Dec. 2023 (NT$71 Mil) to Mar. 2024 (NT$80 Mil).

Promate Electronic Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$68 Mil) to Dec. 2022 (NT$38 Mil) but then increased from Dec. 2022 (NT$38 Mil) to Dec. 2023 (NT$71 Mil).

Promate Electronic Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Promate Electronic 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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Promate Electronic Co Long-Term Capital Lease Obligation Chart

Promate Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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102.36

71.91

68.47

37.66

70.80

Promate Electronic 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															41.26	37.44	40.46	70.80	79.75

Promate Electronic Co (TPE:6189) 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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Promate Electronic Co (TPE:6189) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Promate Electronic Co Ltd (TPE:6189) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 32, Section of Huanshan Road, 4th Floor, Nei Hu District, Taipei, TWN, 11442

Website

https://www.promate.com

Promate Electronic Co Ltd is mainly engaged in the distribution and sales of electronic/electrical components, sales of computer software and electrical products, and sales of electronic/electrical components. The company has these operating segments; Application specific and LCD Display Products, Linear/ Distributed Components, Image Processing ICs, Application specific ICs, and Others. It has two business divisions; China Region and Non-China Region, out of which it derives a majority of its revenue from the Non-China Region.

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