Sercomm (TPE:5388) Long-Term Capital Lease Obligation : NT$124 Mil (As of Mar. 2024)

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What is Sercomm Long-Term Capital Lease Obligation?

Sercomm's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$124 Mil.

Sercomm's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$154 Mil) to Dec. 2023 (NT$143 Mil) and declined from Dec. 2023 (NT$143 Mil) to Mar. 2024 (NT$124 Mil).

Sercomm's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$18 Mil) to Dec. 2022 (NT$185 Mil) but then declined from Dec. 2022 (NT$185 Mil) to Dec. 2023 (NT$143 Mil).

Sercomm Long-Term Capital Lease Obligation Historical Data

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

Sercomm Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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322.53

97.60

18.36

185.07

142.53

Sercomm 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															171.53	160.68	154.22	142.53	124.17

Sercomm (TPE:5388) 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.

Sercomm Long-Term Capital Lease Obligation Related Terms

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Sercomm (TPE:5388) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sercomm Corp (TPE:5388) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 3-1, YuanQu Street (Nankang Software Park), 8th Floor, Nan Kang, Taipei, TWN, 115

Website

https://www.sercomm.com

Sercomm Corporation is a provider of broadband networking software. The Company is primarily engaged in research and development, manufacturing and sales of networking communication software and equipment. Its mainstream products include Fixed mobile convergence products, Enterprise, Home gateway, IoT Solutions and Others. The firm has research centers in Taiwan and China and owns patented technologies.

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