Asia Metal Industries (ROCO:6727) Long-Term Capital Lease Obligation : NT$1 Mil (As of Sep. 2024)

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What is Asia Metal Industries Long-Term Capital Lease Obligation?

Asia Metal Industries's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$1 Mil.

Asia Metal Industries's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (NT$1 Mil) to Jun. 2024 (NT$1 Mil) and declined from Jun. 2024 (NT$1 Mil) to Sep. 2024 (NT$1 Mil).

Asia Metal Industries's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$0 Mil) to Dec. 2022 (NT$4 Mil) but then declined from Dec. 2022 (NT$4 Mil) to Dec. 2023 (NT$2 Mil).

Asia Metal Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Asia Metal Industries'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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Asia Metal Industries Long-Term Capital Lease Obligation Chart

Asia Metal Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.04

1.06

0.19

3.58

1.80

Asia Metal Industries 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															2.69	1.80	1.06	0.86	0.66

Asia Metal Industries (ROCO:6727) 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.

Asia Metal Industries Long-Term Capital Lease Obligation Related Terms

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Asia Metal Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Asia Metal Industries Inc (ROCO:6727) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Minfu Road, Yangmei District, Number 16, Lane 199, Sec. 2, Taoyuan, TWN, 32663

Website

https://www.asiametalinc.com

Asia Metal Industries Inc is engaged in manufacturing and selling all kinds of coating equipment and providing relevant engineering support. The product portfolio of the company includes PP Synthetic Paper, Solar Energy, Optics, High Frequency CCL, Industrial Tape and Battery among others. It has a single industry segment, mainly engaged in the manufacturing and trading of metal machinery and parts.

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