Neo-Neon Holdings (TPE:911868) Long-Term Capital Lease Obligation : NT$143 Mil (As of Dec. 2023)

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What is Neo-Neon Holdings Long-Term Capital Lease Obligation?

Neo-Neon Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$143 Mil.

Neo-Neon Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (NT$175 Mil) to Jun. 2023 (NT$162 Mil) and declined from Jun. 2023 (NT$162 Mil) to Dec. 2023 (NT$143 Mil).

Neo-Neon Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$149 Mil) to Dec. 2022 (NT$175 Mil) but then declined from Dec. 2022 (NT$175 Mil) to Dec. 2023 (NT$143 Mil).

Neo-Neon Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Neo-Neon Holdings'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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Neo-Neon Holdings Long-Term Capital Lease Obligation Chart

Neo-Neon Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.90

57.11

149.24

174.71

142.59

Neo-Neon Holdings Semi-Annual Data
	Mar14	Sep14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															149.24	135.25	174.71	162.00	142.59

Neo-Neon Holdings (TPE:911868) 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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Neo-Neon Holdings (TPE:911868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neo-Neon Holdings Ltd (TPE:911868) » Definitions » Long-Term Capital Lease Obligation

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01868:Hong Kong

Address

188 Des Voeux Road Central, Unit 2101, 21st Floor, Golden Centre, Hong Kong, HKG

Website

http://www.neo-neon.com

Neo-Neon Holdings Ltd is a manufacturer and distributor of LED decorative lighting products. The company's product portfolio is divided into LED decorative lighting, Commercial lighting, Professional lighting, Professional architectural lighting, Industrial lighting, Landscape lighting, and other products. Its segments include the PRC lighting segment, which consists of research and development, manufacture of lighting products in China, and distribution of lighting products in China and overseas; and the USA lighting segment consists of the provision of lighting solutions and trading of lighting products in the USA. Its geographical segments include North America, which generates the vast majority of the company's revenue; Europe; The PRC; Asia (excluding the PRC); and Other countries.

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