First Steamship Co (TPE:2601) Long-Term Capital Lease Obligation : NT$9,616 Mil (As of Mar. 2024)

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What is First Steamship Co Long-Term Capital Lease Obligation?

First Steamship Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$9,616 Mil.

First Steamship Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$10,042 Mil) to Dec. 2023 (NT$9,432 Mil) but then increased from Dec. 2023 (NT$9,432 Mil) to Mar. 2024 (NT$9,616 Mil).

First Steamship Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$10,771 Mil) to Dec. 2022 (NT$9,045 Mil) but then increased from Dec. 2022 (NT$9,045 Mil) to Dec. 2023 (NT$9,432 Mil).

First Steamship Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Steamship 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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First Steamship Co Long-Term Capital Lease Obligation Chart

First Steamship Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8,232.93

7,306.93

10,770.71

9,044.62

9,431.52

First Steamship 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															9,868.45	8,435.10	10,041.59	9,431.52	9,615.67

First Steamship Co (TPE:2601) 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.

First Steamship Co Long-Term Capital Lease Obligation Related Terms

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First Steamship Co (TPE:2601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » First Steamship Co Ltd (TPE:2601) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Fuxing S Road, Da’an, 14th Floor, No.237, Sec. 2, Taipei, TWN, 106

Website

https://www.firsteam.com.tw

First Steamship Co Ltd is Taiwan based company whose business activities are providing business consultation services and investments and selling, renting, investing in construction. Its business activities involve domestic and international sea transportation and related businesses, trading of vessels and related products, providing services of financial leasing, providing business consultation services, trading of cosmetics, furnishings and etc., investments, and selling, renting, investing in construction. It has four operating segments: Shipping business, investing department, retail business, and rental department.

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