Evergreen Steel (TPE:2211) Long-Term Capital Lease Obligation : NT$15 Mil (As of Mar. 2024)

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What is Evergreen Steel Long-Term Capital Lease Obligation?

Evergreen Steel's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$15 Mil.

Evergreen Steel's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$12 Mil) to Dec. 2023 (NT$9 Mil) but then increased from Dec. 2023 (NT$9 Mil) to Mar. 2024 (NT$15 Mil).

Evergreen Steel's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$11 Mil) to Dec. 2022 (NT$21 Mil) but then declined from Dec. 2022 (NT$21 Mil) to Dec. 2023 (NT$9 Mil).

Evergreen Steel Long-Term Capital Lease Obligation Historical Data

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

Evergreen Steel Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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16.08

9.74

11.28

20.80

9.46

Evergreen Steel 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															18.11	14.56	11.58	9.46	14.77

Evergreen Steel (TPE:2211) 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.

Evergreen Steel Long-Term Capital Lease Obligation Related Terms

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Evergreen Steel (TPE:2211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Evergreen Steel Corp (TPE:2211) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Chang'an East Road, 11th Floor, No. 100, Section 2, Zhongshan District, Taipei, TWN, 104094

Website

http://www.evergreennet.com

Evergreen Steel Corp is engaged in the steel structure engineering business. The company's steel structure engineering business mainly includes engineering projects of factories, tall buildings, and bridges.

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