Elite Material Co (TPE:2383) Long-Term Capital Lease Obligation : NT$318 Mil (As of Mar. 2024)

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What is Elite Material Co Long-Term Capital Lease Obligation?

Elite Material Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$318 Mil.

Elite Material Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (NT$309 Mil) to Sep. 2023 (NT$316 Mil) and increased from Sep. 2023 (NT$316 Mil) to Mar. 2024 (NT$318 Mil).

Elite Material Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (NT$0 Mil) to Dec. 2021 (NT$292 Mil) and increased from Dec. 2021 (NT$292 Mil) to Dec. 2022 (NT$311 Mil).

Elite Material Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Elite Material 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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Elite Material Co Long-Term Capital Lease Obligation Chart

Elite Material Co Annual Data

Trend

Dec13

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Dec15

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Dec19

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Dec21

Dec22

Long-Term Capital Lease Obligation

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291.64

310.73

Elite Material Co Quarterly Data
	Mar19	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															310.73	304.97	308.65	316.33	317.91

Elite Material Co (TPE:2383) 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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Elite Material Co (TPE:2383) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elite Material Co Ltd (TPE:2383) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 18, Datong 1st Road, Guanyin District, Taoyuan, TWN, 328

Website

https://www.emctw.com

Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals and raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: The domestic segment produces and sells different types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components, the Foreign segment produces and sells prepreg for printed circuit board and copper-clad laminate, and Other segments include investment and product exchange business. Geographically, It operates in Taiwan, China, and Other countries.

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