Nova (NVMI) Long-Term Capital Lease Obligation : $39.8 Mil (As of Dec. 2023)

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What is Nova Long-Term Capital Lease Obligation?

Nova's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $39.8 Mil.

Nova's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($40.6 Mil) to Sep. 2023 ($38.8 Mil) but then increased from Sep. 2023 ($38.8 Mil) to Dec. 2023 ($39.8 Mil).

Nova's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($33.5 Mil) to Dec. 2022 ($43.7 Mil) but then declined from Dec. 2022 ($43.7 Mil) to Dec. 2023 ($39.8 Mil).

Nova Long-Term Capital Lease Obligation Historical Data

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

Nova Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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30.54

31.91

33.45

43.70

39.76

Nova 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															43.70	41.93	40.56	38.80	39.76

Nova (NAS:NVMI) 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.

Nova Long-Term Capital Lease Obligation Related Terms

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Nova (NVMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nova Ltd (NAS:NVMI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NVMI:Israel NMR:Germany

Address

5 David Fikes Street, Rehovot, ISR, 7632805

Website

https://www.novami.com

Nova Ltd is a semiconductor equipment manufacturer. The company provides metrology solutions for process control used in semiconductor manufacturing. The company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems. The product range consists of Nova 2040, Nova 3090Next, Nova i500 and i500 Plus, Nova T500, Nova T600, Nova V2600, HelioSense 100, Nova Hybrid Metrology solution, NovaMars. The company generates majority of its revenue from Taiwan, R.O.C. Geographically the company has its business spread across the region of Taiwan, Korea, China, the United States, and Europe.

Executives

Marxe Austin W & Greenhouse David M

10 percent owner

C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022