YoungQin International Co (ROCO:2755) Long-Term Capital Lease Obligation : NT$111 Mil (As of Mar. 2024)

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What is YoungQin International Co Long-Term Capital Lease Obligation?

YoungQin International Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$111 Mil.

YoungQin International Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (NT$126 Mil) to Sep. 2023 (NT$121 Mil) and declined from Sep. 2023 (NT$121 Mil) to Mar. 2024 (NT$111 Mil).

YoungQin International Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (NT$87 Mil) to Dec. 2021 (NT$54 Mil) but then increased from Dec. 2021 (NT$54 Mil) to Dec. 2022 (NT$106 Mil).

YoungQin International Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for YoungQin International 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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YoungQin International Co Long-Term Capital Lease Obligation Chart

YoungQin International Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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81.66

86.97

53.84

105.70

YoungQin International Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															105.70	105.04	125.91	120.71	111.44

YoungQin International Co (ROCO:2755) 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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YoungQin International Co (ROCO:2755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » YoungQin International Co Ltd (ROCO:2755) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Number 16 Hejiang Road, Zhongli District, Taoyuan, TWN, 320

Website

https://www.superqin.com.tw

YoungQin International Co Ltd is a Taiwan based company providing restaurant and bakery business. The Group is mainly engaged in the franchising of chain restaurants and the sales of related products.

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