TRK (TPE:1432) Long-Term Capital Lease Obligation : NT$2,468 Mil (As of Mar. 2024)

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What is TRK Long-Term Capital Lease Obligation?

TRK's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$2,468 Mil.

TRK's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$2,438 Mil) to Dec. 2023 (NT$2,381 Mil) but then increased from Dec. 2023 (NT$2,381 Mil) to Mar. 2024 (NT$2,468 Mil).

TRK's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$2,707 Mil) to Dec. 2022 (NT$2,622 Mil) and declined from Dec. 2022 (NT$2,622 Mil) to Dec. 2023 (NT$2,381 Mil).

TRK Long-Term Capital Lease Obligation Historical Data

The historical data trend for TRK'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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TRK Long-Term Capital Lease Obligation Chart

TRK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,403.10

2,922.03

2,707.40

2,621.94

2,381.42

TRK 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															2,557.71	2,504.07	2,438.01	2,381.42	2,467.92

TRK (TPE:1432) 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.

TRK Long-Term Capital Lease Obligation Related Terms

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TRK (TPE:1432) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TRK Corp (TPE:1432) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No186, Sec 4, Fusing Rd., East District, Taichung, TWN

Website

https://www.taroko.com.tw

TRK Corp, formerly Taroko Co Ltd is engaged in the development business of department stores and shopping centers, recreational activities venue business, other leisure services, retail services of educational and entertainment materials, and international trading business. The company earns maximum revenue from the Leisure and recreation segment.

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