Tainan Spinning Co (TPE:1440) Long-Term Capital Lease Obligation : NT$309 Mil (As of Mar. 2024)

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What is Tainan Spinning Co Long-Term Capital Lease Obligation?

Tainan Spinning Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$309 Mil.

Tainan Spinning Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$324 Mil) to Dec. 2023 (NT$307 Mil) but then increased from Dec. 2023 (NT$307 Mil) to Mar. 2024 (NT$309 Mil).

Tainan Spinning Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$317 Mil) to Dec. 2022 (NT$329 Mil) but then declined from Dec. 2022 (NT$329 Mil) to Dec. 2023 (NT$307 Mil).

Tainan Spinning Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tainan Spinning 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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Tainan Spinning Co Long-Term Capital Lease Obligation Chart

Tainan Spinning Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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360.55

334.73

317.22

329.41

307.48

Tainan Spinning Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															324.51	327.71	324.16	307.48	309.49

Tainan Spinning Co (TPE:1440) 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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Tainan Spinning Co (TPE:1440) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tainan Spinning Co Ltd (TPE:1440) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 398, , Zhonghua East Road, 10th Floor, Section 1, East District, Tainan, TWN

Website

https://www.tainanspin.com.tw

Tainan Spinning Co Ltd is a Taiwan-based company that is principally engaged in the manufacturing, processing, and sales of textile products. The company's products include yarn, polyester, polyester filament, pet granules (spinning), pet granules (bottle), processed yarn, and others. The company also operates a real estate business. The company generates the majority of its total revenue from textile products.

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