Amtech Systems (Amtech Systems) Long-Term Capital Lease Obligation : $17.8 Mil (As of Dec. 2023)

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What is Amtech Systems Long-Term Capital Lease Obligation?

Amtech Systems's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $17.8 Mil.

Amtech Systems's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($9.1 Mil) to Sep. 2023 ($17.3 Mil) and increased from Sep. 2023 ($17.3 Mil) to Dec. 2023 ($17.8 Mil).

Amtech Systems's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($12.8 Mil) to Sep. 2022 ($9.6 Mil) but then increased from Sep. 2022 ($9.6 Mil) to Sep. 2023 ($17.3 Mil).

Amtech Systems Long-Term Capital Lease Obligation Historical Data

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

Amtech Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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5.06

12.79

9.62

17.32

Amtech Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8.94	9.95	9.12	17.32	17.80

Amtech Systems (NAS:ASYS) 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.

Amtech Systems Long-Term Capital Lease Obligation Related Terms

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Amtech Systems (Amtech Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Amtech Systems Inc (NAS:ASYS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

AS3:Germany

Address

131 South Clark Drive, Tempe, AZ, USA, 85288

Website

http://www.amtechsystems.com

Amtech Systems Inc is a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power chips, electronic assemblies, and light-emitting diodes (LEDs). the company has two segments; Semiconductor; it designs, manufactures, sells, and services thermal processing equipment and related controls for use by semiconductor manufacturers, and in electronics, automotive, and other industries; and Material and Substrate - it produces consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystal materials, ceramics and metal components.

Executives

Robert C Daigle	director	C/O: ROGERS CORPORATION, ONE TECHNOLOGY DRIVE PO BOX 188, ROGERS CT 06263-0188
Robert M Averick	director, 10 percent owner	KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD CT 06901
Michael M Ludwig	director	C/O AMTECH SYSTEMS, INC., 131 S CLARK DRIVE, TEMPE AZ 85288
Michael Whang	officer: Vice President of Operations	131 S CLARK DRIVE, TEMPE AZ 85281
Jong S Whang	director, officer: Executive Chairman
Robert F King	director	C/O AMTECH SYSTEMS INC, 131 SOUTH CLARK DRIVE, TEMPE AZ 85281
Lisa Gibbs	officer: VP & Chief Accounting Officer	131 S CLARK DRIVE, TEMPE AZ 85281
Robert T Hass	officer: Interim CFO	C/O AMTECH SYSTEMS INC, 131 SOUTH CLARK DRIVE, TEMPE AZ 85281
Cornice Fiduciary Management Llc	10 percent owner	C/O WILLOW STREET GROUP, LLC, 270 W. PEARL AVENUE, SUITE 104, JACKSON WY 83001
Fokko Pentinga	director, officer: President and CEO	TEMPRESS SYSTEMS, B.V., RADEWEG 31, VAASSEN P7 8171 MD
Wansem Paul J Van Der	director, officer: See Remarks	597 LOWELL ROAD, CONCORD MA 01742
Michael Garnreiter	director	6735 E. GREENWAY PARKWAY, UNIT #2049, SCOTTSDALE AZ 85254
Sukesh Mohan	director	C/O EL CAMINO TECHNOLOGIES LLC, 6200 STONERIDGE MALL ROAD, SUITE 300, PLEASANTON CA 94588
Bradley Clark Anderson	officer: Chief Financial Officer	131 SOUTH CLARK DRIVE, TEMPE AZ 85281
Goudena Egbert J. G.	director	131 SOUTH CLARK DRIVE, TEMPE AZ 85281