FENG HSIN STEEL CO (TPE:2015) Long-Term Capital Lease Obligation : NT$363 Mil (As of Mar. 2024)

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What is FENG HSIN STEEL CO Long-Term Capital Lease Obligation?

FENG HSIN STEEL CO's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$363 Mil.

FENG HSIN STEEL CO's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$373 Mil) to Dec. 2023 (NT$372 Mil) and declined from Dec. 2023 (NT$372 Mil) to Mar. 2024 (NT$363 Mil).

FENG HSIN STEEL CO's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$171 Mil) to Dec. 2022 (NT$306 Mil) and increased from Dec. 2022 (NT$306 Mil) to Dec. 2023 (NT$372 Mil).

FENG HSIN STEEL CO Long-Term Capital Lease Obligation Historical Data

The historical data trend for FENG HSIN STEEL 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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FENG HSIN STEEL CO Long-Term Capital Lease Obligation Chart

FENG HSIN STEEL CO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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204.17

174.80

170.91

305.53

372.42

FENG HSIN STEEL CO 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															296.20	301.17	373.34	372.42	363.50

FENG HSIN STEEL CO (TPE:2015) 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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FENG HSIN STEEL CO (TPE:2015) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » FENG HSIN STEEL CO LTD (TPE:2015) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 998, Jiahou Road, Section 1, Houli district, Taichung, TWN, 421

Website

https://www.fenghsin.com.tw

FENG HSIN STEEL CO LTD is a company that is primarily engaged in the manufacturing and processing of angle irons, steel channels, flat structural frames, and shafts. These products are used in a wide range of applications, including bridge-building, structural uses for power transmission towers, assembling frames for machinery, shipbuilding, oil storage containers, mechanical constructions, woodworking machinery, lock components, machine parts, hand tools, piping components, auto-transmission parts, civil construction, and tunnel construction. The company generates most of its revenue from the Taiwan market.

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