Ten Ren Tea Co (TPE:1233) Long-Term Capital Lease Obligation : NT$218 Mil (As of Jun. 2024)

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What is Ten Ren Tea Co Long-Term Capital Lease Obligation?

Ten Ren Tea Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$218 Mil.

Ten Ren Tea Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (NT$221 Mil) to Mar. 2024 (NT$228 Mil) but then declined from Mar. 2024 (NT$228 Mil) to Jun. 2024 (NT$218 Mil).

Ten Ren Tea Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$201 Mil) to Dec. 2022 (NT$225 Mil) but then declined from Dec. 2022 (NT$225 Mil) to Dec. 2023 (NT$221 Mil).

Ten Ren Tea Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ten Ren Tea 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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Ten Ren Tea Co Long-Term Capital Lease Obligation Chart

Ten Ren Tea Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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239.83

202.92

200.90

225.35

221.26

Ten Ren Tea Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															200.72	231.37	221.26	227.72	217.64

Ten Ren Tea Co (TPE:1233) 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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Ten Ren Tea Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ten Ren Tea Co Ltd (TPE:1233) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Chung Hsiao East Road, 6 floor, Number 107,Sec 4, Taipei, TWN

Website

https://www.tenren.com.tw

Ten Ren Tea Co Ltd engaged in the manufacture and sale of tea, tea sets and beverages. The company markets spiced tea, herbal tea, tea bags, tea snacks, as well as teapots and cups. Ten Ren Tea sells its products across many countries.

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