Chung Tai Resource Technology (ROCO:6923) Long-Term Capital Lease Obligation : NT$6 Mil (As of Jun. 2024)

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What is Chung Tai Resource Technology Long-Term Capital Lease Obligation?

Chung Tai Resource Technology's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$6 Mil.

Chung Tai Resource Technology's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (NT$6 Mil) to Dec. 2023 (NT$6 Mil) and declined from Dec. 2023 (NT$6 Mil) to Jun. 2024 (NT$6 Mil).

Chung Tai Resource Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$1 Mil) to Dec. 2022 (NT$7 Mil) but then declined from Dec. 2022 (NT$7 Mil) to Dec. 2023 (NT$6 Mil).

Chung Tai Resource Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chung Tai Resource Technology'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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Chung Tai Resource Technology Long-Term Capital Lease Obligation Chart

Chung Tai Resource Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.43

1.77

1.07

6.74

6.06

Chung Tai Resource Technology Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				0.51	6.74	6.38	6.06	5.78

Chung Tai Resource Technology (ROCO:6923) 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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Chung Tai Resource Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Chung Tai Resource Technology Corp (ROCO:6923) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 328, Huanke Road, Guanyin District, Taoyuan City, TWN, 328451

Website

https://www.chinalab.com.tw

Chung Tai Resource Technology Corp provides waste removal and treatment, Pyrolysis treatment system, Recycling of Waste Printed Circuit Boards, Incineration Thermal Power Generation and Comprehensive Treatment R&D Center, waste lighting sources recycling, and other services.

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