Feng Chi Biotech (ROCO:6744) Long-Term Capital Lease Obligation : NT$8.1 Mil (As of Dec. 2023)

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What is Feng Chi Biotech Long-Term Capital Lease Obligation?

Feng Chi Biotech's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$8.1 Mil.

Feng Chi Biotech's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (NT$10.8 Mil) to Jun. 2023 (NT$9.5 Mil) and declined from Jun. 2023 (NT$9.5 Mil) to Dec. 2023 (NT$8.1 Mil).

Feng Chi Biotech's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$0.0 Mil) to Dec. 2022 (NT$10.8 Mil) but then declined from Dec. 2022 (NT$10.8 Mil) to Dec. 2023 (NT$8.1 Mil).

Feng Chi Biotech Long-Term Capital Lease Obligation Historical Data

The historical data trend for Feng Chi Biotech'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.

* Premium members only.

Feng Chi Biotech Long-Term Capital Lease Obligation Chart

Feng Chi Biotech Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.26

2.55

10.80

8.15

Feng Chi Biotech 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									-	-	10.80	9.48	8.15

Feng Chi Biotech (ROCO:6744) 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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Feng Chi Biotech (ROCO:6744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Feng Chi Biotech Corp (ROCO:6744) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

No. 5, Shaoxing North Street, 5th Floor-1, Zhongzheng District, Taipei City, TWN, 100

Website

http://www.fcbiotech.com.tw

Feng Chi Biotech Corp provide promotion and support for clinical testing and molecular genetic medicine research related technologies. The company's products and services include clinical testing, food testing, newborn screening, prenatal screening, iron stomach, interscience, and colony counting.

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