Landis Taipei Hotel Co (ROCO:5703) Long-Term Capital Lease Obligation : NT$7.5 Mil (As of Mar. 2024)

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What is Landis Taipei Hotel Co Long-Term Capital Lease Obligation?

Landis Taipei Hotel Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$7.5 Mil.

Landis Taipei Hotel Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (NT$2.1 Mil) to Dec. 2023 (NT$8.4 Mil) but then declined from Dec. 2023 (NT$8.4 Mil) to Mar. 2024 (NT$7.5 Mil).

Landis Taipei Hotel Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$6.4 Mil) to Dec. 2022 (NT$2.2 Mil) but then increased from Dec. 2022 (NT$2.2 Mil) to Dec. 2023 (NT$8.4 Mil).

Landis Taipei Hotel Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Landis Taipei Hotel 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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Landis Taipei Hotel Co Long-Term Capital Lease Obligation Chart

Landis Taipei Hotel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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640.67

5.34

6.41

2.18

8.36

Landis Taipei Hotel 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															3.21	2.67	2.14	8.36	7.47

Landis Taipei Hotel Co (ROCO:5703) 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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Landis Taipei Hotel Co (ROCO:5703) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Landis Taipei Hotel Co Ltd (ROCO:5703) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 41, Minquan East Road, Section 2, Zhongshan District, Taipei, TWN, 104

Website

https://taipei.landishotelsresorts.com

Landis Taipei Hotel Co Ltd is engaged in the provision of hotel accommodations and the operation of restaurants. It mainly engages in international tourist hotel business, along with auxiliary restaurants, cafe, and bar businesses. It also supplies related facilities, such as conference halls, gyms, parking lots, and associated services for some special events. The reporting segments of the group are The Company, Liz Dining, and other segment, of which prime revenue is derived from the Company segment.

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