Chieftek Precision Co (TPE:1597) Long-Term Capital Lease Obligation : NT$86 Mil (As of Mar. 2024)

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What is Chieftek Precision Co Long-Term Capital Lease Obligation?

Chieftek Precision Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$86 Mil.

Chieftek Precision Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$80 Mil) to Dec. 2023 (NT$79 Mil) but then increased from Dec. 2023 (NT$79 Mil) to Mar. 2024 (NT$86 Mil).

Chieftek Precision Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$121 Mil) to Dec. 2022 (NT$122 Mil) but then declined from Dec. 2022 (NT$122 Mil) to Dec. 2023 (NT$79 Mil).

Chieftek Precision Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chieftek Precision 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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Chieftek Precision Co Long-Term Capital Lease Obligation Chart

Chieftek Precision Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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126.43

126.59

121.28

122.49

78.78

Chieftek Precision 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															81.54	80.62	79.70	78.78	86.04

Chieftek Precision Co (TPE:1597) 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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Chieftek Precision Co (TPE:1597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chieftek Precision Co Ltd (TPE:1597) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Number 3, Dali 1st Road, Sourthern taiwan Science Park, Xinshi District, Tainan, TWN, 741-45

Website

http://www.chieftek.com

Chieftek Precision Co Ltd engages in the manufacture and sale of the ball and roller bearings The Company engages in the research, development, manufacture and sales of miniature linear guides, miniature ball screws, miniature linear modules, electro-optics equipment and semiconductor process equipment. It involves in manufacture of miniature linear motion components. Its products include Standard 4-Row Ball Bearing Linear Guide, Wide 4-Row Ball Bearing Linear Guide, Miniature Linear Guide, ST Miniature Stroke Slide Series, and Ironless Linear Motor. Its products are applied in the industries requiring precise positioning applications, such as precision machinery, automation equipment, various power transmission applications, semiconductor manufacturing equipment, and medical equipment.

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