Hua Eng Wire & Cable Co (TPE:1608) Long-Term Capital Lease Obligation : NT$173 Mil (As of Mar. 2024)

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What is Hua Eng Wire & Cable Co Long-Term Capital Lease Obligation?

Hua Eng Wire & Cable Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$173 Mil.

Hua Eng Wire & Cable Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (NT$193 Mil) to Dec. 2023 (NT$193 Mil) but then declined from Dec. 2023 (NT$193 Mil) to Mar. 2024 (NT$173 Mil).

Hua Eng Wire & Cable Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$214 Mil) to Dec. 2022 (NT$197 Mil) and declined from Dec. 2022 (NT$197 Mil) to Dec. 2023 (NT$193 Mil).

Hua Eng Wire & Cable Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hua Eng Wire & Cable 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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Hua Eng Wire & Cable Co Long-Term Capital Lease Obligation Chart

Hua Eng Wire & Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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247.05

231.03

213.69

197.27

193.31

Hua Eng Wire & Cable 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															191.21	191.91	192.61	193.31	173.32

Hua Eng Wire & Cable Co (TPE:1608) 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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Hua Eng Wire & Cable Co (TPE:1608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hua Eng Wire & Cable Co Ltd (TPE:1608) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 170, Chung Cheng 4th Road, Kaohsiung, TWN

Website

https://www.hegroup.com.tw

Hua Eng Wire & Cable Co Ltd is engaged in the processing, manufacture, sale and construction of wire, cable and copper products. The company has three reportable segments: Wire segment, Cable segment and Copper segment. Wire segment produces products such as oxygen free copper wire; Cable segment produces power cable, communication cable and optical fiber cable; Copper Segment produces copper plate.

Hua Eng Wire & Cable Co (TPE:1608) Headlines

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