Easycard (ROCO:6035) Long-Term Capital Lease Obligation : NT$38 Mil (As of Dec. 2024)

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What is Easycard Long-Term Capital Lease Obligation?

Easycard's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was NT$38 Mil.

Easycard's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (NT$48 Mil) to Jun. 2024 (NT$60 Mil) but then declined from Jun. 2024 (NT$60 Mil) to Dec. 2024 (NT$38 Mil).

Easycard's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (NT$74 Mil) to Dec. 2023 (NT$48 Mil) and declined from Dec. 2023 (NT$48 Mil) to Dec. 2024 (NT$38 Mil).

Easycard Long-Term Capital Lease Obligation Historical Data

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

Easycard Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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37.26

27.67

73.51

48.15

38.22

Easycard Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						73.51	63.48	48.15	59.58	38.22

Easycard (ROCO:6035) 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.

Easycard Long-Term Capital Lease Obligation Related Terms

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Easycard Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Easycard Corp (ROCO:6035) » Definitions » Long-Term Capital Lease Obligation

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Address

No.3-1 Park Street, Nangang District, 13th Floor, Taipei City, TWN, 115

Website

https://www.easycard.com.tw

Easycard Corp is engaged in electronic transport ticket system industry. The company offers contactless smartcard, integrating the buses of Greater Taipei and the MRT system. It has extended its reach to island-wide public transit, such as Taiwan High Speed Rail, Taiwan Railways, intercity coach services, YouBike and Blue Ferry.

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