Hengs Technology Co (ROCO:4582) Long-Term Capital Lease Obligation : NT$20 Mil (As of Jun. 2024)

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What is Hengs Technology Co Long-Term Capital Lease Obligation?

Hengs Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$20 Mil.

Hengs Technology Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (NT$17 Mil) to Dec. 2023 (NT$24 Mil) but then declined from Dec. 2023 (NT$24 Mil) to Jun. 2024 (NT$20 Mil).

Hengs Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$15 Mil) to Dec. 2022 (NT$19 Mil) and increased from Dec. 2022 (NT$19 Mil) to Dec. 2023 (NT$24 Mil).

Hengs Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hengs Technology 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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Hengs Technology Co Long-Term Capital Lease Obligation Chart

Hengs Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.33

7.16

15.19

18.87

23.52

Hengs Technology Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										15.71	18.87	16.58	23.52	20.05

Hengs Technology Co (ROCO:4582) 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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Hengs Technology Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hengs Technology Co Ltd (ROCO:4582) » Definitions » Long-Term Capital Lease Obligation

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Address

Number 168, Yongke Ring Road, Yongkang District, Tainan, TWN, 710

Website

http://www.hengs.com

Hengs Technology Co Ltd is a Taiwan-based company engaged in the development of the solar power system. The product portfolio of the company includes Solar Pump Package, Solar Outdoor Lighting, Solar Mounting Rack, PV Module, and Battery among others. The main business projects include energy technical service engineering, electronic equipment retail and wholesale, other machinery and lighting equipment manufacturing, international trade, etc.

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