Ascent Development Co (TPE:1439) Long-Term Capital Lease Obligation : NT$119.4 Mil (As of Sep. 2024)

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What is Ascent Development Co Long-Term Capital Lease Obligation?

Ascent Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$119.4 Mil.

Ascent Development Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (NT$120.7 Mil) to Jun. 2024 (NT$120.0 Mil) and declined from Jun. 2024 (NT$120.0 Mil) to Sep. 2024 (NT$119.4 Mil).

Ascent Development Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$120.5 Mil) to Dec. 2022 (NT$124.7 Mil) but then declined from Dec. 2022 (NT$124.7 Mil) to Dec. 2023 (NT$123.0 Mil).

Ascent Development Co Long-Term Capital Lease Obligation Historical Data

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

Ascent Development Co Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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2.72

0.05

120.51

124.70

122.96

Ascent Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															123.64	122.96	120.66	120.02	119.38

Ascent Development Co (TPE:1439) 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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Ascent Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ascent Development Co Ltd (TPE:1439) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 557-1, Section 4, Zhongxiao East Road, 19th Floor, Xinyi District, Taipei, TWN, 110055

Website

https://www.ascentglobal.com.tw

Ascent Development Co Ltd operates in the textile manufacturing industry. The company is engaged in the manufacturing and selling of wool tops, carbonized wool, scoured wool, and shrink-resistant wool tops, as well as real estate development, lease, and sale. It generates the majority of its revenue from the wool tops segment.

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