Argo Yachts Development Co (ROCO:7566) Long-Term Capital Lease Obligation : NT$2,228.8 Mil (As of Dec. 2024)

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What is Argo Yachts Development Co Long-Term Capital Lease Obligation?

Argo Yachts Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was NT$2,228.8 Mil.

Argo Yachts Development Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (NT$1,380.3 Mil) to Jun. 2024 (NT$2,270.7 Mil) but then declined from Jun. 2024 (NT$2,270.7 Mil) to Dec. 2024 (NT$2,228.8 Mil).

Argo Yachts Development Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (NT$1,396.7 Mil) to Dec. 2023 (NT$1,380.3 Mil) but then increased from Dec. 2023 (NT$1,380.3 Mil) to Dec. 2024 (NT$2,228.8 Mil).

Argo Yachts Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Argo Yachts Development 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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Argo Yachts Development Co Long-Term Capital Lease Obligation Chart

Argo Yachts Development Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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913.00

1,424.78

1,396.73

1,380.28

2,228.79

Argo Yachts Development Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								1,396.73	1,404.90	1,380.28	2,270.73	2,228.79

Argo Yachts Development Co (ROCO:7566) 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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Argo Yachts Development Co Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Argo Yachts Development Co Ltd (ROCO:7566) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 777, Sector 2, Xingang Road, Anping District, Tainan, TWN, 708

Website

https://www.argoyc.com

Argo Yachts Development Co Ltd is engaged in operation of membership yacht club to provide diversified services such as berth, escrow and maintenance.

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