Lite-On Technology (TPE:2301) Long-Term Capital Lease Obligation : NT$881 Mil (As of Mar. 2024)

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What is Lite-On Technology Long-Term Capital Lease Obligation?

Lite-On Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$881 Mil.

Lite-On Technology's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (NT$817 Mil) to Dec. 2023 (NT$941 Mil) but then declined from Dec. 2023 (NT$941 Mil) to Mar. 2024 (NT$881 Mil).

Lite-On Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$744 Mil) to Dec. 2022 (NT$692 Mil) but then increased from Dec. 2022 (NT$692 Mil) to Dec. 2023 (NT$941 Mil).

Lite-On Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lite-On Technology'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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Lite-On Technology Long-Term Capital Lease Obligation Chart

Lite-On Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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648.34

551.23

743.52

691.73

941.26

Lite-On Technology 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															839.89	861.84	816.85	941.26	880.63

Lite-On Technology (TPE:2301) 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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Lite-On Technology (TPE:2301) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lite-On Technology Corp (TPE:2301) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 392 Ruiguang Road, 22th Floor, Neihu, Taipei, TWN, 114

Website

https://www.liteon.com

Lite-On Technology Corp is a computer storage device company that manufactures consumer electronics. Its products are segmented into optoelectronics, information & communication technologies, IoT & smart life applications, and automotive electronics. The main businesses include Research and development design, manufacturing and sales of key modules and system solutions for optoelectronics, cloud computing power management systems, EV chargers, energy management, LED packaging for lighting applications, IoT and networking applications, information technology, and consumer electronics.

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