Sheng Yu Steel Co (TPE:2029) Long-Term Capital Lease Obligation : NT$5 Mil (As of Dec. 2024)

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What is Sheng Yu Steel Co Long-Term Capital Lease Obligation?

Sheng Yu Steel Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was NT$5 Mil.

Sheng Yu Steel Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 (NT$5 Mil) to Sep. 2024 (NT$4 Mil) but then increased from Sep. 2024 (NT$4 Mil) to Dec. 2024 (NT$5 Mil).

Sheng Yu Steel Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (NT$10 Mil) to Dec. 2023 (NT$6 Mil) and declined from Dec. 2023 (NT$6 Mil) to Dec. 2024 (NT$5 Mil).

Sheng Yu Steel Co Long-Term Capital Lease Obligation Historical Data

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

Sheng Yu Steel Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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73.36

73.28

10.25

6.08

4.60

Sheng Yu Steel Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.08	4.88	4.65	4.49	4.60

Sheng Yu Steel Co (TPE:2029) 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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Sheng Yu Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sheng Yu Steel Co Ltd (TPE:2029) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11, Chung Lin Road, Hsiao Kang, Kaohsiung, TWN, 81260

Website

https://www.shengyusteel.com

Sheng Yu Steel Co Ltd is engaged in the steel industry. The company manufactures, processes, and sells cold-rolled, galvanized, and prepainted steel coils. The company also purchases and resells various steel products.

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