Kao Fong Machinery Co (ROCO:4510) Long-Term Capital Lease Obligation : NT$242 Mil (As of Mar. 2024)

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What is Kao Fong Machinery Co Long-Term Capital Lease Obligation?

Kao Fong Machinery Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$242 Mil.

Kao Fong Machinery Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (NT$244 Mil) to Sep. 2023 (NT$244 Mil) and declined from Sep. 2023 (NT$244 Mil) to Mar. 2024 (NT$242 Mil).

Kao Fong Machinery Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (NT$233 Mil) to Dec. 2021 (NT$222 Mil) and declined from Dec. 2021 (NT$222 Mil) to Dec. 2022 (NT$213 Mil).

Kao Fong Machinery Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kao Fong Machinery 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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Kao Fong Machinery Co Long-Term Capital Lease Obligation Chart

Kao Fong Machinery Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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247.37

233.02

222.16

213.08

Kao Fong Machinery Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															213.08	211.17	244.20	243.82	242.37

Kao Fong Machinery Co (ROCO:4510) 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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Kao Fong Machinery Co (ROCO:4510) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kao Fong Machinery Co Ltd (ROCO:4510) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No.16, Keya Road,, Daya district, Taichung, TWN, 42881

Website

http://www.kafo.com.tw

Kao Fong Machinery Co Ltd is engaged in the manufacture and distribution of machine tools and machinery equipment in Taiwan. Its products consist of vertical machining centers, horizontal machining centers, numerical control milling machines, as well as bridge machining centers.

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