Thai-German Products PCL (BKK:TGPRO) Long-Term Capital Lease Obligation : ฿23 Mil (As of Mar. 2024)

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What is Thai-German Products PCL Long-Term Capital Lease Obligation?

Thai-German Products PCL's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿23 Mil.

Thai-German Products PCL's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (฿20 Mil) to Dec. 2023 (฿18 Mil) but then increased from Dec. 2023 (฿18 Mil) to Mar. 2024 (฿23 Mil).

Thai-German Products PCL's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (฿10 Mil) to Dec. 2022 (฿15 Mil) and increased from Dec. 2022 (฿15 Mil) to Dec. 2023 (฿18 Mil).

Thai-German Products PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Thai-German Products PCL'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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Thai-German Products PCL Long-Term Capital Lease Obligation Chart

Thai-German Products PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.66

9.24

10.38

14.76

18.36

Thai-German Products PCL 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															13.38	17.08	19.54	18.36	22.84

Thai-German Products PCL (BKK:TGPRO) 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.

Thai-German Products PCL Long-Term Capital Lease Obligation Related Terms

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Thai-German Products PCL (BKK:TGPRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Thai-German Products PCL (BKK:TGPRO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

99 Huaypong-Nongbon Road, Tambol Huaypong, Amphur Muang, Rayong, THA, 21150

Website

https://www.tgpro.co.th

Thai-German Products PCL is a Thailand based company engaged in the business of manufacturing and distribution of stainless steel products such as pipe, axle, and other equipment, under trademark by TGPRO. It has three operating segments: the Stainless and service selling segment, which is the key revenue driver, includes steel pipes, steel sheets, steel shafts, and steel fittings; the Stereo sales segment sells stereo equipment, telephone equipment, and spare parts; an agriculture selling segment includes vegetables and seed. It sells its product in Thailand and other countries, of which a majority of the revenue is generated from the Thailand market.

Thai-German Products PCL (BKK:TGPRO) Headlines

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