General Plastic Industrial Co (TPE:6128) Long-Term Capital Lease Obligation : NT$421 Mil (As of Mar. 2024)

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What is General Plastic Industrial Co Long-Term Capital Lease Obligation?

General Plastic Industrial Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$421 Mil.

General Plastic Industrial Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$454 Mil) to Dec. 2023 (NT$433 Mil) and declined from Dec. 2023 (NT$433 Mil) to Mar. 2024 (NT$421 Mil).

General Plastic Industrial Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$37 Mil) to Dec. 2022 (NT$447 Mil) but then declined from Dec. 2022 (NT$447 Mil) to Dec. 2023 (NT$433 Mil).

General Plastic Industrial Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for General Plastic Industrial 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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General Plastic Industrial Co Long-Term Capital Lease Obligation Chart

General Plastic Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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275.75

118.25

36.72

447.06

433.35

General Plastic Industrial 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															430.15	428.39	453.84	433.35	421.24

General Plastic Industrial Co (TPE:6128) 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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General Plastic Industrial Co (TPE:6128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » General Plastic Industrial Co Ltd (TPE:6128) » Definitions » Long-Term Capital Lease Obligation

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Address

50. Tzu-Chiang Road, Wu-Chi Town, Taichung, TWN, 43547

Website

https://www.gpi.com.tw

General Plastic Industrial Co Ltd is a Taiwan-based company mainly engaged in the manufacture of copier and laser printer toner cartridges. The company provides OPC drum gears, multi-function toner, laser printer toner and copier toner cartridges, personal protective equipments.

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