Compal Electronics (Compal Electronics) Long-Term Capital Lease Obligation

: $267 Mil (As of Dec. 2023)

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Compal Electronics's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $267 Mil.

Compal Electronics's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($261 Mil) to Sep. 2023 ($255 Mil) but then increased from Sep. 2023 ($255 Mil) to Dec. 2023 ($267 Mil).

Compal Electronics's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($61 Mil) to Dec. 2022 ($311 Mil) but then declined from Dec. 2022 ($311 Mil) to Dec. 2023 ($267 Mil).

Compal Electronics Long-Term Capital Lease Obligation Historical Data

The historical data trend for Compal Electronics'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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Compal Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

51.23

67.75

60.53

311.01

266.53

Compal Electronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																311.01	264.92	260.69	254.71	266.53

Compal Electronics (OTCPK:CMPCY) 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.

Compal Electronics Long-Term Capital Lease Obligation Related Terms

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Compal Electronics (Compal Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Compal Electronics Inc (OTCPK:CMPCY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

2324:Taiwan

Address

No. 581 and No. 581-1, Ruiguang Road, Neihu District, Taipei, TWN, 11492

Website

https://www.compal.com

Compal Electronics Inc is a Taiwan-based original design manufacturer that produces notebook computers, monitors, and televisions for equipment manufacturers. The firm's operations are organized in two reportable segment Information technology products and strategy integrate product segment. The majority of the firm's revenue is generated from the United States, with the rest coming from China, Netherlands, United Kingdom, and Others.

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