Century Iron And Steel Industrial Co (TPE:9958) Long-Term Capital Lease Obligation : NT$2,483 Mil (As of Mar. 2024)

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What is Century Iron And Steel Industrial Co Long-Term Capital Lease Obligation?

Century Iron And Steel Industrial Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$2,483 Mil.

Century Iron And Steel Industrial Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$2,581 Mil) to Dec. 2023 (NT$2,554 Mil) and declined from Dec. 2023 (NT$2,554 Mil) to Mar. 2024 (NT$2,483 Mil).

Century Iron And Steel Industrial Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$2,454 Mil) to Dec. 2022 (NT$2,612 Mil) but then declined from Dec. 2022 (NT$2,612 Mil) to Dec. 2023 (NT$2,554 Mil).

Century Iron And Steel Industrial Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Century Iron And Steel Industrial 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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Century Iron And Steel Industrial Co Long-Term Capital Lease Obligation Chart

Century Iron And Steel Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,521.17

2,277.70

2,453.64

2,612.10

2,553.56

Century Iron And Steel Industrial 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															2,545.47	2,654.36	2,581.38	2,553.56	2,483.04

Century Iron And Steel Industrial Co (TPE:9958) 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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Century Iron And Steel Industrial Co (TPE:9958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Century Iron And Steel Industrial Co Ltd (TPE:9958) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No.1119, Section1, Zhongshan Road, Guanyin District, Taoyuan, TWN, 328

Website

http://www.century.com.tw

Century Iron And Steel Industrial Co Ltd operates in the Steel industry. The company is engaged in the processing, manufacturing, and trading of steel frame & iron bone and its related installation services. It also manufactures steel structures for buildings and bridges. The majority of its revenue comes from Construction materials.

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