Tung Ho Steel Enterprise (TPE:2006) Long-Term Capital Lease Obligation : NT$146 Mil (As of Mar. 2024)

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What is Tung Ho Steel Enterprise Long-Term Capital Lease Obligation?

Tung Ho Steel Enterprise's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$146 Mil.

Tung Ho Steel Enterprise's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$145 Mil) to Dec. 2023 (NT$141 Mil) but then increased from Dec. 2023 (NT$141 Mil) to Mar. 2024 (NT$146 Mil).

Tung Ho Steel Enterprise's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$192 Mil) to Dec. 2022 (NT$164 Mil) and declined from Dec. 2022 (NT$164 Mil) to Dec. 2023 (NT$141 Mil).

Tung Ho Steel Enterprise Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tung Ho Steel Enterprise'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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Tung Ho Steel Enterprise Long-Term Capital Lease Obligation Chart

Tung Ho Steel Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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222.72

229.85

191.52

163.84

140.81

Tung Ho Steel Enterprise 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															155.52	148.54	144.71	140.81	146.47

Tung Ho Steel Enterprise (TPE:2006) 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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Tung Ho Steel Enterprise (TPE:2006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tung Ho Steel Enterprise Corp (TPE:2006) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441

Website

https://www.tunghosteel.com

Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

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