Tian Zheng Intl Precision Machinery (ROCO:6654) Long-Term Capital Lease Obligation : NT$64.7 Mil (As of Sep. 2024)

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What is Tian Zheng Intl Precision Machinery Long-Term Capital Lease Obligation?

Tian Zheng Intl Precision Machinery's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$64.7 Mil.

Tian Zheng Intl Precision Machinery's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (NT$69.7 Mil) to Jun. 2024 (NT$65.5 Mil) and declined from Jun. 2024 (NT$65.5 Mil) to Sep. 2024 (NT$64.7 Mil).

Tian Zheng Intl Precision Machinery's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$32.9 Mil) to Dec. 2022 (NT$74.3 Mil) but then declined from Dec. 2022 (NT$74.3 Mil) to Dec. 2023 (NT$68.9 Mil).

Tian Zheng Intl Precision Machinery Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tian Zheng Intl Precision Machinery'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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Tian Zheng Intl Precision Machinery Long-Term Capital Lease Obligation Chart

Tian Zheng Intl Precision Machinery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.27

19.22

32.86

74.28

68.91

Tian Zheng Intl Precision Machinery Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															70.43	68.91	69.67	65.47	64.72

Tian Zheng Intl Precision Machinery (ROCO:6654) 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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Tian Zheng Intl Precision Machinery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tian Zheng Intl Precision Machinery (ROCO:6654) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Number 295-2, Fengren Road, Renwu District, Kaohsiung, TWN

Website

http://www.tz-int.com

Tian Zheng Intl Precision Machinery is engaged in self Automation and mechanical engineering design, processing and manufacturing, assembly and consumer optoelectronic product design, manufacturing and sales. Its products include resistance test packaging machine, LED sorting machine, drilling machine, punch machine, winding inductance measuring charter, capacitance test packaging machine.

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