Taiwan Kong King Co (ROCO:3093) Long-Term Capital Lease Obligation : NT$1 Mil (As of Mar. 2024)

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What is Taiwan Kong King Co Long-Term Capital Lease Obligation?

Taiwan Kong King Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1 Mil.

Taiwan Kong King Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$2 Mil) to Dec. 2023 (NT$1 Mil) and declined from Dec. 2023 (NT$1 Mil) to Mar. 2024 (NT$1 Mil).

Taiwan Kong King Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$3 Mil) to Dec. 2022 (NT$4 Mil) but then declined from Dec. 2022 (NT$4 Mil) to Dec. 2023 (NT$1 Mil).

Taiwan Kong King Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Taiwan Kong King 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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Taiwan Kong King Co Long-Term Capital Lease Obligation Chart

Taiwan Kong King Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.11

3.34

3.88

1.46

Taiwan Kong King 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															3.30	2.66	2.10	1.46	0.85

Taiwan Kong King Co (ROCO:3093) 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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Taiwan Kong King Co (ROCO:3093) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taiwan Kong King Co Ltd (ROCO:3093) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

5F.-1, No.66, Nan Kan Road, Sec. 2, Luzhu District, Taoyuan, TWN, 338

Website

https://www.tkk.com.tw

Taiwan Kong King Co Ltd is an agent for electronics-related manufacturers in Taiwan and China. The company's products include PCB, SMT, semiconductor, solar, LED, optoelectronic communication, and chemical material, and also provides equipment technical services. The company operates in four segments; Customer Service Segment, Electronics Segment, PCB Segment, and Production Segment. PCB segment involves marketing for PCB equipment and materials, market research, business activities, market development plans, and implementation and contributes to the majority of the company's revenue.

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