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TCL Electronics Holdings (TCL Electronics Holdings) Long-Term Capital Lease Obligation : $31 Mil (As of Dec. 2023)


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What is TCL Electronics Holdings Long-Term Capital Lease Obligation?

TCL Electronics Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $31 Mil.

TCL Electronics Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($33 Mil) to Jun. 2023 ($27 Mil) but then increased from Jun. 2023 ($27 Mil) to Dec. 2023 ($31 Mil).

TCL Electronics Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($41 Mil) to Dec. 2022 ($33 Mil) and declined from Dec. 2022 ($33 Mil) to Dec. 2023 ($31 Mil).

TCL Electronics Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for TCL Electronics Holdings'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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TCL Electronics Holdings Long-Term Capital Lease Obligation Chart

TCL Electronics Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.64 32.32 40.99 32.86 31.18

TCL Electronics Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.99 32.79 32.86 26.79 31.18

TCL Electronics Holdings  (OTCPK:TCLHF) 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.

TCL Electronics Holdings Long-Term Capital Lease Obligation Related Terms

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TCL Electronics Holdings (TCL Electronics Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TCL Electronics Holdings Ltd (OTCPK:TCLHF) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
HKSE:00751 HKSE:01401 HKSE:00328 HKSE:01692 HKSE:02369 HKSE:00099 HKSE:01143 HKSE:08005 HKSE:00912 HKSE:00320 AAPL XKRX:005930 TSE:6758 HKSE:01810 TSE:6752 XKRX:066570 XKRX:003550 SZSE:002241 SHSE:603296 BOM:540699
Traded in Other Exchanges
01070:Hong Kong TC2A:Germany
Address
22 Science Park East Avenue, 5th Floor, Building 22E, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG
Website
http://electronics.tcl.com
TCL Electronics Holdings Ltd designs, manufactures, and sells televisions globally. Listed on the HKSE, TCL is headquartered in Shenzhen. By brand it is the third-largest supplier of televisions globally, but is second-largest in total television volume including televisions produced under original design and manufacture contracts for other brands. In 2020 TCL sold its wholesale TV business and purchased the TCL Communications business which focuses on smartphones and tablets. The five reportable operating segments are Smart screen segment, Internet business segment, Smart mobile, connective devices and services segment, All-category marketing segment and Smart commercial display, smart home, photovoltaic and other businesses segment.