Solid Year Co (ROCO:6737) Long-Term Capital Lease Obligation : NT$116 Mil (As of Dec. 2023)

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What is Solid Year Co Long-Term Capital Lease Obligation?

Solid Year Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$116 Mil.

Solid Year Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (NT$115 Mil) to Jun. 2023 (NT$121 Mil) but then declined from Jun. 2023 (NT$121 Mil) to Dec. 2023 (NT$116 Mil).

Solid Year Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$43 Mil) to Dec. 2022 (NT$115 Mil) and increased from Dec. 2022 (NT$115 Mil) to Dec. 2023 (NT$116 Mil).

Solid Year Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Solid Year 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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Solid Year Co Long-Term Capital Lease Obligation Chart

Solid Year Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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43.92

41.78

42.84

114.91

115.91

Solid Year Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									42.84	119.81	114.91	121.14	115.91

Solid Year Co (ROCO:6737) 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.

Solid Year Co Long-Term Capital Lease Obligation Related Terms

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Solid Year Co (ROCO:6737) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid Year Co Ltd (ROCO:6737) » Definitions » Long-Term Capital Lease Obligation

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Address

Xintai 5th Road, 18th Floor, No. 97, Section 1, Xizhi District, New Taipei City, Taipei, TWN

Website

http://www.solidyear.com

Solid Year Co Ltd is engaged in producing single-shot and double-shot plastic injection finished products from mold manufacturers specializing in mold design and manufacturing. The company's products are computer keyboard, USB network camera, USB network camera module, driving recorder, hunting machine, projector, gamepad, automotive electronics, in-car multimedia audio and video system, smart rear-view mirror, head-up display, iPhone Computer electronic peripheral products such as Car Box, infant network surveillance camera, among others.

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