Quintain Steel Co (TPE:2017) Long-Term Capital Lease Obligation : NT$282 Mil (As of Sep. 2024)

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What is Quintain Steel Co Long-Term Capital Lease Obligation?

Quintain Steel Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$282 Mil.

Quintain Steel Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (NT$307 Mil) to Jun. 2024 (NT$289 Mil) and declined from Jun. 2024 (NT$289 Mil) to Sep. 2024 (NT$282 Mil).

Quintain Steel Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$48 Mil) to Dec. 2022 (NT$35 Mil) but then increased from Dec. 2022 (NT$35 Mil) to Dec. 2023 (NT$311 Mil).

Quintain Steel Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Quintain Steel 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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Quintain Steel Co Long-Term Capital Lease Obligation Chart

Quintain Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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80.48

64.98

47.79

35.10

311.06

Quintain Steel Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															213.92	311.06	306.65	288.55	282.24

Quintain Steel Co (TPE:2017) 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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Quintain Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Quintain Steel Co Ltd (TPE:2017) » Definitions » Long-Term Capital Lease Obligation

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Address

NO.119-5, Nanbu, Nanbu Village, Guantian District, Tainan, TWN, 702

Website

http://www.quintain.com.tw

Quintain Steel Co Ltd manufactures steel products. Its product portfolio comprises of carbon steel wire, a deformed bar in oil, spheroidized wire, and galvanized wire. Quintain's hot-rolled wire rod products are used in low and high-carbon steel and low-alloy steel. Its products are applied in the manufacture of barbecue frames, hardware, stationery, and others. The company is also engaged in the provision of related processing services.

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