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Gelex Group JSC (STC:GEX) Long-Term Capital Lease Obligation : ₫154,201 Mil (As of Mar. 2024)


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What is Gelex Group JSC Long-Term Capital Lease Obligation?

Gelex Group JSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫154,201 Mil.

Gelex Group JSC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₫177,008 Mil) to Dec. 2023 (₫152,667 Mil) but then increased from Dec. 2023 (₫152,667 Mil) to Mar. 2024 (₫154,201 Mil).

Gelex Group JSC's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₫108,506 Mil) to Dec. 2022 (₫156,294 Mil) but then declined from Dec. 2022 (₫156,294 Mil) to Dec. 2023 (₫152,667 Mil).

Gelex Group JSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gelex Group JSC'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.

* Premium members only.

Gelex Group JSC Long-Term Capital Lease Obligation Chart

Gelex Group JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - - 108,506.46 156,293.82 152,667.41

Gelex Group JSC 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 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 - 144,742.53 177,008.42 152,667.41 154,201.18

Gelex Group JSC  (STC:GEX) 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.

Gelex Group JSC Long-Term Capital Lease Obligation Related Terms

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Gelex Group JSC (STC:GEX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gelex Group JSC (STC:GEX) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
STC:CAV STC:DQC SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR SZSE:300124 SZSE:300274 XKRX:247540 HUBB VRT SZSE:300014 SHSE:603195 MIL:PRY SHSE:600089 BOM:517354 BOM:542652 TSE:6506 NVT
Traded in Other Exchanges
N/A
Address
No. 52, Le Dai Hanh Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi, VNM
Website
http://www.gelex.vn
Gelex Group JSC, formerly Viet Nam Electrical Equipment JSC operates in the electronic components industry. The company is engaged in manufacturing and supplying of electrical equipment like electric wire and cable, transformers, electric motors and, electric measuring devices. The firm is also engaged in researching and building renewable energy industry and providing logistics services.