Adda (ROCO:3071) Long-Term Capital Lease Obligation : NT$123 Mil (As of Jun. 2024)

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What is Adda Long-Term Capital Lease Obligation?

Adda's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$123 Mil.

Adda's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (NT$126 Mil) to Mar. 2024 (NT$126 Mil) but then declined from Mar. 2024 (NT$126 Mil) to Jun. 2024 (NT$123 Mil).

Adda's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$12 Mil) to Dec. 2022 (NT$10 Mil) but then increased from Dec. 2022 (NT$10 Mil) to Dec. 2023 (NT$126 Mil).

Adda Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adda'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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Adda Long-Term Capital Lease Obligation Chart

Adda Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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21.51

19.65

11.52

9.91

125.65

Adda Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															129.33	129.31	125.65	125.68	123.39

Adda (ROCO:3071) 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.

Adda Long-Term Capital Lease Obligation Related Terms

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Adda Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Adda Corp (ROCO:3071) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 6, East Section Industry 6th Road, Pingtung County, Pingtung, TWN, 90049

Website

https://www.adda.com.tw

Adda Corp is a Taiwan-based company that engages in the manufacturing and sales of computer fans, power switches, and electrical equipment. It has two reportable segments Fan division and Other division. It generate the majority of its revenue from Fan division. Its product include Fan series, Thermal modules, Applications, and Accessories.

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