Sinon (TPE:1712) Long-Term Capital Lease Obligation : NT$764 Mil (As of Mar. 2024)

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What is Sinon Long-Term Capital Lease Obligation?

Sinon's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$764 Mil.

Sinon's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$796 Mil) to Dec. 2023 (NT$795 Mil) and declined from Dec. 2023 (NT$795 Mil) to Mar. 2024 (NT$764 Mil).

Sinon's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$725 Mil) to Dec. 2022 (NT$777 Mil) and increased from Dec. 2022 (NT$777 Mil) to Dec. 2023 (NT$795 Mil).

Sinon Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sinon'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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Sinon Long-Term Capital Lease Obligation Chart

Sinon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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740.57

721.14

725.33

776.86

795.31

Sinon 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															803.87	772.39	795.84	795.31	764.33

Sinon (TPE:1712) 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.

Sinon Long-Term Capital Lease Obligation Related Terms

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Sinon (TPE:1712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sinon Corp (TPE:1712) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.101, Nanrong Road, Dadu District, Taichung, TWN, 43245

Website

https://www.sinon.com.tw

Sinon Corp is a Taiwan-based company engaged in the manufacture and sales of various chemicals and fertilizers. It generates revenue through two divisions namely Crop protection which includes manufacturing activity of chemicals and fertilizer and Supermarket which includes supermarket and general retail industry. The product line of the company includes pesticides, fertilizers, agricultural materials, precision chemicals and intermediates, plastic products, microbial fertilizers, environmental drugs, preservation films, and other household goods. Majority of the company's revenue comes from the sales of crop protection.

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