Trina Solar Co (Trina Solar Co) Long-Term Capital Lease Obligation : $124 Mil (As of Mar. 2024)

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What is Trina Solar Co Long-Term Capital Lease Obligation?

Trina Solar Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $124 Mil.

Trina Solar Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($9 Mil) to Dec. 2023 ($8 Mil) but then increased from Dec. 2023 ($8 Mil) to Mar. 2024 ($124 Mil).

Trina Solar Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($5 Mil) to Dec. 2022 ($8 Mil) and increased from Dec. 2022 ($8 Mil) to Dec. 2023 ($8 Mil).

Trina Solar Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Trina Solar 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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Trina Solar Co Long-Term Capital Lease Obligation Chart

Trina Solar Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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31.74

5.46

7.74

7.76

Trina Solar 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															10.56	9.86	8.69	7.76	124.39

Trina Solar Co (NYSE:TSL) 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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Trina Solar Co (Trina Solar Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Trina Solar Co Ltd (NYSE:TSL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

688599:China

Address

No.2 Tianhe Road, Trina PV Industrial Park, Xinbei District, Jiangsu, CHN, 213031

Website

https://www.trinasolar.com

Trina Solar Co Ltd is engaged in manufacturing photovoltaic products, photovoltaic systems and smart energy. The photovoltaic products business includes research and development, manufacture and sales of monocrystalline silicon-based photovoltaic modules; the photovoltaic systems business includes power station business and construction and management of photovoltaic power station projects, among others; smart energy business includes photovoltaic power generation, operation, and management of the photovoltaic power station, research and sales of the smart microgrid and multi-energy systems, and operation of the energy cloud platform, among others.

Executives

Platinum Investment Management Ltd

10 percent owner

C/O PLATINUM ASSET MANAGEMENT, LEVEL 8, 7 MACQUARIE PLACE, SYDNEY AUSTRALIA 2000 C3 00000