Gigastorage (TPE:2406) Long-Term Capital Lease Obligation : NT$95 Mil (As of Mar. 2024)

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What is Gigastorage Long-Term Capital Lease Obligation?

Gigastorage's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$95 Mil.

Gigastorage's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$98 Mil) to Dec. 2023 (NT$84 Mil) but then increased from Dec. 2023 (NT$84 Mil) to Mar. 2024 (NT$95 Mil).

Gigastorage's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$119 Mil) to Dec. 2022 (NT$106 Mil) and declined from Dec. 2022 (NT$106 Mil) to Dec. 2023 (NT$84 Mil).

Gigastorage Long-Term Capital Lease Obligation Historical Data

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

Gigastorage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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125.35

113.45

119.18

106.18

83.95

Gigastorage 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															104.13	99.86	97.99	83.95	95.12

Gigastorage (TPE:2406) 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.

Gigastorage Long-Term Capital Lease Obligation Related Terms

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Gigastorage (TPE:2406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gigastorage Corp (TPE:2406) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 3, Industrial kung yen1st Road, Hsinchu industrial park, Hukou Township, Hsinchu, TWN, 30351

Website

http://www.gigastorage.com.tw

Gigastorage Corp is a Taiwan-based manufacturer of optoelectronic materials and silicon products. Its products include photovoltaic multi-crystalline wafers, photovoltaic ribbons, low temperature die attach pastes, insulation pastes, blood glucose strip conductive pastes and other biotech materials, photovoltaic systems, solar power stations, high efficiency coated milling cutters, and coated drills. A majority of the firm's revenue is generated in the Asia-Pacific region, with the rest coming from countries across the world.

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