New Asia Construction & Development (TPE:2516) Long-Term Capital Lease Obligation : NT$23 Mil (As of Mar. 2024)

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What is New Asia Construction & Development Long-Term Capital Lease Obligation?

New Asia Construction & Development's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$23 Mil.

New Asia Construction & Development's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$20 Mil) to Dec. 2023 (NT$12 Mil) but then increased from Dec. 2023 (NT$12 Mil) to Mar. 2024 (NT$23 Mil).

New Asia Construction & Development's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$19 Mil) to Dec. 2022 (NT$27 Mil) but then declined from Dec. 2022 (NT$27 Mil) to Dec. 2023 (NT$12 Mil).

New Asia Construction & Development Long-Term Capital Lease Obligation Historical Data

The historical data trend for New Asia Construction & Development'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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New Asia Construction & Development Long-Term Capital Lease Obligation Chart

New Asia Construction & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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31.74

11.76

18.98

27.09

12.43

New Asia Construction & Development 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															25.25	25.14	20.23	12.43	23.05

New Asia Construction & Development (TPE:2516) 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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New Asia Construction & Development (TPE:2516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » New Asia Construction & Development Corp (TPE:2516) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

N0. 760, Section 4, Bade Road,, 15,16th floor,, Songshan District, Taipei, TWN

Website

http://www.newasia.com.tw

New Asia Construction & Development Corp operates in the engineering and construction industry. The company is engaged in the construction of heavy equipment needed for civil engineering, development business related to land and community, construction, leasing, or selling of heavy equipment and public housing, and office buildings and repairs. The company is also engaged in manufacturing and selling ready mixed concrete and asphalt concrete and investment.

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