Giant Manufacturing Co (TPE:9921) Long-Term Capital Lease Obligation : NT$1,151 Mil (As of Mar. 2024)

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What is Giant Manufacturing Co Long-Term Capital Lease Obligation?

Giant Manufacturing Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,151 Mil.

Giant Manufacturing Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$1,247 Mil) to Dec. 2023 (NT$1,156 Mil) and declined from Dec. 2023 (NT$1,156 Mil) to Mar. 2024 (NT$1,151 Mil).

Giant Manufacturing Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$927 Mil) to Dec. 2022 (NT$1,235 Mil) but then declined from Dec. 2022 (NT$1,235 Mil) to Dec. 2023 (NT$1,156 Mil).

Giant Manufacturing Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Giant Manufacturing 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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Giant Manufacturing Co Long-Term Capital Lease Obligation Chart

Giant Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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443.28

713.75

927.22

1,234.84

1,156.49

Giant Manufacturing 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															1,200.18	1,214.22	1,246.79	1,156.49	1,151.38

Giant Manufacturing Co (TPE:9921) 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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Giant Manufacturing Co (TPE:9921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Giant Manufacturing Co Ltd (TPE:9921) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Dongda Road, No. 997 and 999, Section 1, Xitun District, Taichung, TWN, 40763

Website

https://www.giant-bicycles.com

Giant Manufacturing Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. Giant distributes bicycles and components both domestically and internationally, and largely sells products under the Giant brand name.

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