Lian Hong Art Co (ROCO:6755) Long-Term Capital Lease Obligation : NT$10 Mil (As of Jun. 2024)

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What is Lian Hong Art Co Long-Term Capital Lease Obligation?

Lian Hong Art Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$10 Mil.

Lian Hong Art Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (NT$2 Mil) to Dec. 2023 (NT$1 Mil) but then increased from Dec. 2023 (NT$1 Mil) to Jun. 2024 (NT$10 Mil).

Lian Hong Art Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$17 Mil) to Dec. 2022 (NT$10 Mil) and declined from Dec. 2022 (NT$10 Mil) to Dec. 2023 (NT$1 Mil).

Lian Hong Art Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lian Hong Art 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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Lian Hong Art Co Long-Term Capital Lease Obligation Chart

Lian Hong Art Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14.79

10.13

16.87

9.81

0.55

Lian Hong Art Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									21.33	9.81	2.46	0.55	10.10

Lian Hong Art Co (ROCO:6755) 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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Lian Hong Art Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lian Hong Art Co Ltd (ROCO:6755) » Definitions » Long-Term Capital Lease Obligation

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Address

Wanshou Road, No. 492-1, 5th Floor-2, Section 1, Guishan District, Taoyuan, TWN

Website

https://www.lianhong.com.tw

Lian Hong Art Co Ltd offers computer hardware products such as laptops, and other equipment.

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