Life Travel & Tourist Service Co (ROCO:2745) Long-Term Capital Lease Obligation : NT$6 Mil (As of Mar. 2024)

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What is Life Travel & Tourist Service Co Long-Term Capital Lease Obligation?

Life Travel & Tourist Service Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$6 Mil.

Life Travel & Tourist Service Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$12 Mil) to Dec. 2023 (NT$9 Mil) and declined from Dec. 2023 (NT$9 Mil) to Mar. 2024 (NT$6 Mil).

Life Travel & Tourist Service Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$7 Mil) to Dec. 2022 (NT$18 Mil) but then declined from Dec. 2022 (NT$18 Mil) to Dec. 2023 (NT$9 Mil).

Life Travel & Tourist Service Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Life Travel & Tourist Service 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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Life Travel & Tourist Service Co Long-Term Capital Lease Obligation Chart

Life Travel & Tourist Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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45.88

24.05

7.39

18.29

8.89

Life Travel & Tourist Service 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															17.45	14.58	11.74	8.89	6.13

Life Travel & Tourist Service Co (ROCO:2745) 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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Life Travel & Tourist Service Co (ROCO:2745) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Life Travel & Tourist Service Co Ltd (ROCO:2745) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 28, Boai 1st Road, 3rd Floor, Sanmin District, Kaohsiung, TWN

Website

https://www.lifetour.com.tw

Life Travel & Tourist Service Co Ltd is a travel consultancy agency in Taiwan. It sells tourist items related to inbound and outbound group tourist services including flight tickets, accommodation arrangements, attraction, and transport tickets commission.

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