Formosa Taffeta Co (TPE:1434) Long-Term Capital Lease Obligation : NT$761 Mil (As of Dec. 2023)

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What is Formosa Taffeta Co Long-Term Capital Lease Obligation?

Formosa Taffeta Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$761 Mil.

Formosa Taffeta Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (NT$725 Mil) to Sep. 2023 (NT$694 Mil) but then increased from Sep. 2023 (NT$694 Mil) to Dec. 2023 (NT$761 Mil).

Formosa Taffeta Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$729 Mil) to Dec. 2022 (NT$753 Mil) and increased from Dec. 2022 (NT$753 Mil) to Dec. 2023 (NT$761 Mil).

Formosa Taffeta Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Formosa Taffeta 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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Formosa Taffeta Co Long-Term Capital Lease Obligation Chart

Formosa Taffeta Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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719.75

682.09

729.00

752.77

761.49

Formosa Taffeta Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															752.77	758.66	724.74	693.54	761.49

Formosa Taffeta Co (TPE:1434) 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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Formosa Taffeta Co (TPE:1434) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Formosa Taffeta Co Ltd (TPE:1434) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

317, Shuliou RD, Touliou, TWN, 640

Website

http://www.ftc.com.tw

Formosa Taffeta Co Ltd is a Taiwan-based company that is principally involved in the textile industry. The company's business segments include first business segment, which is primarily involved in production and sale of woven, dyeing & finishing products, and management of overseas subsidiaries' plants; the cord fabric segment, which primarily produces and offers tire cords; the gasoline segment, which offers gasoline and car washing, and Other segment. The first business segment and the cord fabric segment jointly contribute more than half of the company's total revenue.

Formosa Taffeta Co (TPE:1434) Headlines

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