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Fortune Electric Co (TPE:1519) Long-Term Capital Lease Obligation : NT$173 Mil (As of Jun. 2024)


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What is Fortune Electric Co Long-Term Capital Lease Obligation?

Fortune Electric Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$173 Mil.

Fortune Electric Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (NT$124 Mil) to Mar. 2024 (NT$153 Mil) and increased from Mar. 2024 (NT$153 Mil) to Jun. 2024 (NT$173 Mil).

Fortune Electric Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$112 Mil) to Dec. 2022 (NT$116 Mil) and increased from Dec. 2022 (NT$116 Mil) to Dec. 2023 (NT$124 Mil).


Fortune Electric Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fortune Electric 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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Fortune Electric Co Long-Term Capital Lease Obligation Chart

Fortune Electric Co 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 119.36 111.74 111.97 115.87 123.53

Fortune Electric 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 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 111.69 120.39 123.53 153.24 172.84

Fortune Electric Co  (TPE:1519) 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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Fortune Electric Co Business Description

Traded in Other Exchanges
N/A
Address
No. 10, Jilin Road, Zhongli District, Taoyuan, TWN, 32063
Fortune Electric Co Ltd is engaged in manufactures, processes, and trades of transformers, distribution panels, low voltage switches, and substation equipment. The company's operating segment includes Electrical and Mechanical Department and Turnkey Department. It generates maximum revenue from the Electrical and Mechanical department segment. The company's products include cast resin transformer, amorphous metal alloy core transformer, power transformer, distribution transformer, metal-clad switchgear, GIS, switchgear panel, motor control center, gas switch, and transmission and distribution apparatus.

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