CMC Magnetics (TPE:2323) Long-Term Capital Lease Obligation : NT$176 Mil (As of Mar. 2024)

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What is CMC Magnetics Long-Term Capital Lease Obligation?

CMC Magnetics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$176 Mil.

CMC Magnetics's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$201 Mil) to Dec. 2023 (NT$183 Mil) and declined from Dec. 2023 (NT$183 Mil) to Mar. 2024 (NT$176 Mil).

CMC Magnetics's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$136 Mil) to Dec. 2022 (NT$238 Mil) but then declined from Dec. 2022 (NT$238 Mil) to Dec. 2023 (NT$183 Mil).

CMC Magnetics Long-Term Capital Lease Obligation Historical Data

The historical data trend for CMC Magnetics'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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CMC Magnetics Long-Term Capital Lease Obligation Chart

CMC Magnetics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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50.67

187.26

135.56

237.66

182.74

CMC Magnetics 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															223.53	211.65	200.94	182.74	176.23

CMC Magnetics (TPE:2323) 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.

CMC Magnetics Long-Term Capital Lease Obligation Related Terms

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CMC Magnetics (TPE:2323) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CMC Magnetics Corp (TPE:2323) » Definitions » Long-Term Capital Lease Obligation

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Address

53, Ming Chuan West Road, 15th Floor, Taipei, TWN

Website

https://www.cmcnet.com.tw

CMC Magnetics Corp is engaged in the manufacturing and sale of consumer electronic products, including optical discs, and the acquisition of film agency rights, and production and distribution of digital discs and Blu-ray discs for sales and rental business. CMC provides optical storage devices like compact discs and digital video discs with additional functionalities that allow a user to record or rewrite data. The company also offers to package for optical storage products, USB storage, alkaline batteries, and flash storage products. Its products include Compact Disc Recordable, Compact Disc Rewritable, Digital Video Disc-Recordable, videotapes, and others. The firm has manufacturing facilities in Taiwan, China, and Hong Kong, and generates revenue from the Americas, Europe, and Asia.

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