Microtek International (TPE:2305) Long-Term Capital Lease Obligation : NT$202.2 Mil (As of Mar. 2024)

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What is Microtek International Long-Term Capital Lease Obligation?

Microtek International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$202.2 Mil.

Microtek International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$209.2 Mil) to Dec. 2023 (NT$205.6 Mil) and declined from Dec. 2023 (NT$205.6 Mil) to Mar. 2024 (NT$202.2 Mil).

Microtek International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$219.6 Mil) to Dec. 2022 (NT$219.6 Mil) and declined from Dec. 2022 (NT$219.6 Mil) to Dec. 2023 (NT$205.6 Mil).

Microtek International Long-Term Capital Lease Obligation Historical Data

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

Microtek International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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248.15

233.52

219.59

205.65

Microtek International 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															216.18	212.56	209.23	205.65	202.15

Microtek International (TPE:2305) 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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Microtek International (TPE:2305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Microtek International Inc (TPE:2305) » Definitions » Long-Term Capital Lease Obligation

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Address

No.6 Industry East Road 3, Science-Based Industrial Park, Hsinchu, TWN, 300091

Website

https://www.microtek.com

Microtek International Inc is a Taiwan based company offering scanning solutions. The company is engaged in the manufacturing and marketing of digital image scanners and related computer peripheral products. It offers scanners for medical, document, professional image, office, home, and industrial application. Its product portfolio includes ArtixScan series, FileScan series, ScanMaker series, XT series, Bio series, ObjectScan series, and medical series, among others.

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