Lung Hwa Electronics Co (TPE:2424) Long-Term Capital Lease Obligation : NT$96.4 Mil (As of Mar. 2024)

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What is Lung Hwa Electronics Co Long-Term Capital Lease Obligation?

Lung Hwa Electronics Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$96.4 Mil.

Lung Hwa Electronics Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$105.2 Mil) to Dec. 2023 (NT$88.6 Mil) but then increased from Dec. 2023 (NT$88.6 Mil) to Mar. 2024 (NT$96.4 Mil).

Lung Hwa Electronics Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$61.2 Mil) to Dec. 2022 (NT$48.0 Mil) but then increased from Dec. 2022 (NT$48.0 Mil) to Dec. 2023 (NT$88.6 Mil).

Lung Hwa Electronics Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lung Hwa Electronics Co'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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Lung Hwa Electronics Co Long-Term Capital Lease Obligation Chart

Lung Hwa Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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161.11

114.15

61.18

47.98

88.61

Lung Hwa Electronics Co 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															53.45	79.38	105.23	88.61	96.44

Lung Hwa Electronics Co (TPE:2424) 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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Lung Hwa Electronics Co (TPE:2424) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lung Hwa Electronics Co Ltd (TPE:2424) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

15th Floor, No. 32, Section 3, Bade Road, Songshan District, Taipei, TWN, 10559

Website

http://www.lunghwa.com.tw

Lung Hwa Electronics Co Ltd The main business items of the company are smart homes, vehicle multimedia management systems, fleet movement control, and management system, etc. R&D, manufacturing and sales, industrial plant development, leasing and sales, maritime broadband data services.

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