Collins Co (TPE:2906) Long-Term Capital Lease Obligation : NT$537 Mil (As of Dec. 2023)

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What is Collins Co Long-Term Capital Lease Obligation?

Collins Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$537 Mil.

Collins Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (NT$478 Mil) to Sep. 2023 (NT$501 Mil) and increased from Sep. 2023 (NT$501 Mil) to Dec. 2023 (NT$537 Mil).

Collins Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$585 Mil) to Dec. 2022 (NT$486 Mil) but then increased from Dec. 2022 (NT$486 Mil) to Dec. 2023 (NT$537 Mil).

Collins Co Long-Term Capital Lease Obligation Historical Data

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

Collins Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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688.57

687.70

584.97

486.16

536.50

Collins Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															486.16	490.83	478.25	500.80	536.50

Collins Co (TPE:2906) 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.

Collins Co Long-Term Capital Lease Obligation Related Terms

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Collins Co (TPE:2906) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Collins Co Ltd (TPE:2906) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

6th Floor, No. 201, Dunhua N. Road, Songshan District, Taipei, TWN, 10544

Website

http://www.collins.com.tw

Collins Co Ltd is mainly engaged in import and export trading, clothing retail, leasing, garment processing and trading, medical equipment, biochemical testing, medicine trading, medical management consulting services, and investment. Geographically, it has a presence in Taiwan, America, Canada, and Other countries, with the majority of revenue being derived from Taiwan. Its segments include the Trading business department, Fashion life business department, Kidney dialysis business department, and Other business departments. It derives a majority of its revenue from the Trading business department.

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