Thai Steel Cable PCL (BKK:TSC) Long-Term Capital Lease Obligation : ฿2 Mil (As of Mar. 2024)

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What is Thai Steel Cable PCL Long-Term Capital Lease Obligation?

Thai Steel Cable PCL's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿2 Mil.

Thai Steel Cable PCL's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (฿2 Mil) to Dec. 2023 (฿2 Mil) and increased from Dec. 2023 (฿2 Mil) to Mar. 2024 (฿2 Mil).

Thai Steel Cable PCL's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (฿3 Mil) to Sep. 2022 (฿3 Mil) but then declined from Sep. 2022 (฿3 Mil) to Sep. 2023 (฿2 Mil).

Thai Steel Cable PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Thai Steel Cable PCL'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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Thai Steel Cable PCL Long-Term Capital Lease Obligation Chart

Thai Steel Cable PCL Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.74

0.17

3.03

3.18

1.69

Thai Steel Cable PCL 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															2.42	2.06	1.69	1.74	2.02

Thai Steel Cable PCL (BKK:TSC) 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.

Thai Steel Cable PCL Long-Term Capital Lease Obligation Related Terms

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Thai Steel Cable PCL (BKK:TSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thai Steel Cable PCL (BKK:TSC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

700/737, Moo. 1, Tambol Panthong, Amphur Panthong, Chonburi, THA, 20160

Website

https://www.tscpcl.com

Thai Steel Cable PCL is a Thailand-based company engaged in the manufacture and sales of control cables, parts, and equipment for vehicles and motorcycles. Its products are divided into three categories: Automobile control cables which include products like accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, and trunk opener cables; Motorcycle control cables which include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables, and Automobile window regulators. The company operates only in Thailand.