KenMec Mechanical Engineering Co (ROCO:6125) Long-Term Capital Lease Obligation : NT$277 Mil (As of Mar. 2024)

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What is KenMec Mechanical Engineering Co Long-Term Capital Lease Obligation?

KenMec Mechanical Engineering Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$277 Mil.

KenMec Mechanical Engineering Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$310 Mil) to Dec. 2023 (NT$286 Mil) and declined from Dec. 2023 (NT$286 Mil) to Mar. 2024 (NT$277 Mil).

KenMec Mechanical Engineering Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$334 Mil) to Dec. 2022 (NT$310 Mil) and declined from Dec. 2022 (NT$310 Mil) to Dec. 2023 (NT$286 Mil).

KenMec Mechanical Engineering Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for KenMec Mechanical Engineering 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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KenMec Mechanical Engineering Co Long-Term Capital Lease Obligation Chart

KenMec Mechanical Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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47.18

84.05

333.82

309.55

285.71

KenMec Mechanical Engineering 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															310.25	311.05	310.20	285.71	277.49

KenMec Mechanical Engineering Co (ROCO:6125) 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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KenMec Mechanical Engineering Co (ROCO:6125) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KenMec Mechanical Engineering Co Ltd (ROCO:6125) » Definitions » Long-Term Capital Lease Obligation

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Address

Dingping Road, Ruifang District, 1st Floor, No. 69, Ruifang Industrial Park, New Taipei, TWN, 115

Website

https://www.kenmec.com

KenMec Mechanical Engineering Co Ltd manufactures and markets whole factory automated production line systems. The company's segment includes Automation 1; Automation 2; Solar power system, parts and components; Electronic parts and components, and Others. It generates maximum revenue from the Automation 1 segment. Automation segment is responsible for automated flow line equipment and supporting equipment for T.F.T. process equipment, semiconductor process equipment, industrial conveying machinery, and automated storage equipment; parking tower and mechanical parking equipment, incinerator and other environmental facilities; electronic anti-static products; production, sale, installation, and lease of window-cleaning equipment and hanging platforms.

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