Hocheng (TPE:1810) Long-Term Capital Lease Obligation : NT$48 Mil (As of Mar. 2024)

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What is Hocheng Long-Term Capital Lease Obligation?

Hocheng's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$48 Mil.

Hocheng's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$59 Mil) to Dec. 2023 (NT$52 Mil) and declined from Dec. 2023 (NT$52 Mil) to Mar. 2024 (NT$48 Mil).

Hocheng's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$65 Mil) to Dec. 2022 (NT$54 Mil) and declined from Dec. 2022 (NT$54 Mil) to Dec. 2023 (NT$52 Mil).

Hocheng Long-Term Capital Lease Obligation Historical Data

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

Hocheng Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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101.49

81.36

65.09

54.01

51.80

Hocheng 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															48.04	61.99	58.89	51.80	47.52

Hocheng (TPE:1810) 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.

Hocheng Long-Term Capital Lease Obligation Related Terms

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Hocheng (TPE:1810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hocheng Corp (TPE:1810) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398, Xingshan Road, First floor, Neihu District, Taipei, TWN, 11469

Website

https://www.hcg.com.tw

Hocheng Corp is a Taiwan-based company, that engages in the manufacture and sale of bathroom fixtures, kitchen equipment, and shower enclosures. The company products include hygiene porcelains, water supply copper wares, bathtubs and table boards, toilet covers, kitchenware, and ceramic plates, among others. Its hygiene porcelains include toilets, water tanks, washbasins, sewage basins, and urine buckets. The Group has four reportable departments: the Taiwan business department, the investment department, the China business department, and the Philippine business department.

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