Li Ming Development Construction Co (ROCO:6212) Long-Term Capital Lease Obligation : NT$2 Mil (As of Mar. 2024)

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What is Li Ming Development Construction Co Long-Term Capital Lease Obligation?

Li Ming Development Construction Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$2 Mil.

Li Ming Development Construction Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (NT$2 Mil) to Dec. 2023 (NT$2 Mil) but then declined from Dec. 2023 (NT$2 Mil) to Mar. 2024 (NT$2 Mil).

Li Ming Development Construction Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$2 Mil) to Dec. 2022 (NT$4 Mil) but then declined from Dec. 2022 (NT$4 Mil) to Dec. 2023 (NT$2 Mil).

Li Ming Development Construction Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Li Ming Development Construction 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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Li Ming Development Construction Co Long-Term Capital Lease Obligation Chart

Li Ming Development Construction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.16

0.96

2.44

4.23

2.30

Li Ming Development Construction 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															3.31	2.98	2.29	2.30	1.73

Li Ming Development Construction Co (ROCO:6212) 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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Li Ming Development Construction Co (ROCO:6212) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Li Ming Development Construction Co Ltd (ROCO:6212) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Gongdao 5th Road, 7th Floor, No. 419, Section 2, Hsinchu, TWN, 30069

Website

http://www.met.com.tw

Li Ming Development Construction Co Ltd is engaged in the development, leasing, and sale of residential and commercial buildings, as well as the wholesale and retail of construction materials. The company is also involved in landscape and interior design. It operates in one single segment that is the development of the property segment which is mainly engaged in the commissioning construction of residences and buildings and renting properties. It generates a vast majority of its revenues from the sales of lands and apartments.

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