Asia Cement (Asia Cement) Long-Term Capital Lease Obligation : $34.79 Mil (As of Mar. 2024)

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What is Asia Cement Long-Term Capital Lease Obligation?

Asia Cement's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $34.79 Mil.

Asia Cement's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($35.65 Mil) to Dec. 2023 ($35.21 Mil) and declined from Dec. 2023 ($35.21 Mil) to Mar. 2024 ($34.79 Mil).

Asia Cement's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($39.08 Mil) to Dec. 2022 ($42.48 Mil) but then declined from Dec. 2022 ($42.48 Mil) to Dec. 2023 ($35.21 Mil).

Asia Cement Long-Term Capital Lease Obligation Historical Data

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

Asia Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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41.80

41.09

39.08

42.48

35.21

Asia Cement 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															40.47	38.32	35.65	35.21	34.79

Asia Cement (OTCPK:AACMZ) 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.

Asia Cement Long-Term Capital Lease Obligation Related Terms

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Asia Cement (Asia Cement) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Cement Corp (OTCPK:AACMZ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

1102:Taiwan

Address

No. 207, Dunhua South Road, 30th-31st Floor, Section 2, Daan District, Taipei, TWN, 106

Website

https://www.acc.com.tw

Asia Cement Corp manufactures and sells cement, concrete, and cement-related products to the construction and building industries. The firm also provides a range of services that include industrial plant development, real estate, real estate leasing, warehousing, parking management, waste disposal, and international trade. Asia Cement's product portfolio includes Portland cement types I and II, cement clinker, ready-mix concrete, furnace powder, plaster, and silica sand. The majority of revenue comes from Taiwan and China. Its reportable segments are as follows: Cement, electric power, investment, engineering, transportation, stainless steel, and leasing.

Asia Cement (Asia Cement) Headlines

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The very first move in the cement industry - Asia Cement Corporation's "Full Shore Power" for a Green, Low-Carbon Port

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