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Chien Shing Harbour Service Co (TPE:8367) Long-Term Capital Lease Obligation : NT$4,554 Mil (As of Jun. 2024)


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What is Chien Shing Harbour Service Co Long-Term Capital Lease Obligation?

Chien Shing Harbour Service Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$4,554 Mil.

Chien Shing Harbour Service Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (NT$4,110 Mil) to Mar. 2024 (NT$4,555 Mil) but then declined from Mar. 2024 (NT$4,555 Mil) to Jun. 2024 (NT$4,554 Mil).

Chien Shing Harbour Service Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$1,268 Mil) to Dec. 2022 (NT$1,543 Mil) and increased from Dec. 2022 (NT$1,543 Mil) to Dec. 2023 (NT$4,110 Mil).


Chien Shing Harbour Service Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chien Shing Harbour Service 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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Chien Shing Harbour Service Co Long-Term Capital Lease Obligation Chart

Chien Shing Harbour Service Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,217.21 1,099.97 1,268.42 1,543.19 4,110.46

Chien Shing Harbour Service Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,474.18 1,717.80 4,110.46 4,555.07 4,554.48

Chien Shing Harbour Service Co  (TPE:8367) 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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Chien Shing Harbour Service Co Business Description

Traded in Other Exchanges
N/A
Address
No. 150, Section 9, Taiwan Avenue, Wuqi District, Taichung, TWN, 435
Chien Shing Harbour Service Co Ltd is a Taiwan-based shipping company. Its main business activities include warehousing service, operation of gas stations, sale of gasoline and diesel, operation of convenience stores, automobile cargo transportation, automobile container transport, container leasing, operation of the container terminal, customs brokerage, and vessel stevedoring service. The group has four operating segments - The warehousing segment, the Customs brokerage department, the Transportation segment and the Vessel stevedoring segment. The majority is from the vessel stevedoring segment, which is responsible for stevedoring of break bulk cargo for businesses and shipping companies locally and abroad.

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