Photronics (Photronics) Long-Term Capital Lease Obligation : $2.7 Mil (As of Jan. 2024)

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What is Photronics Long-Term Capital Lease Obligation?

Photronics's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $2.7 Mil.

Photronics's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($20.1 Mil) to Oct. 2023 ($18.0 Mil) and declined from Oct. 2023 ($18.0 Mil) to Jan. 2024 ($2.7 Mil).

Photronics's annual Long-Term Capital Lease Obligation declined from Oct. 2021 ($31.1 Mil) to Oct. 2022 ($24.6 Mil) and declined from Oct. 2022 ($24.6 Mil) to Oct. 2023 ($18.0 Mil).

Photronics Long-Term Capital Lease Obligation Historical Data

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

Photronics Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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31.08

24.57

18.00

Photronics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															23.43	21.32	20.12	18.00	2.66

Photronics (NAS:PLAB) 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.

Photronics Long-Term Capital Lease Obligation Related Terms

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Photronics (Photronics) Business Description

Industry

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

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Traded in Other Exchanges

PQ2:Germany PQ2:Germany

Address

15 Secor Road, Brookfield, CT, USA, 06804

Website

https://www.photronics.com

Photronics Inc is a U.S.-based company that is principally engaged in manufacturing photomasks. The photomasks are photographic quartz plates that contain microscopic images of electronic circuits that are used as a component in the manufacture of integrated circuits and flat-panel displays. The revenue from products designed for integrated circuits production accounts for the majority of total revenue, with the rest derived from products for flat-panel display production. The company's assets are located in Taiwan, Korea, and the United States. It generates revenue worldwide, including in the United States, Europe, Taiwan, Korea, China, and elsewhere in Asia, with Taiwan contributing the majority of total revenue.

Executives

Mitchell G Tyson	director	15 SECOR ROAD, BROOKFIELD CT 06804
Adam M Lewis	director	15 SECOR ROAD, BROOKFIELD CT 06804
Christopher J Progler	officer: VP,Chief Technology Officer	15 SECOR ROAD, BROOKFIELD CT 06804
Peter S Kirlin	officer: Senior VP, U.S. & Europe	15 SECOR ROAD, BROOKFIELD CT 06804
Richelle E Burr	officer: VP, General Counsel & Secy	15 SECOR RD, BROOKFIELD CT 06804
Kang Jyh Lee	officer: President, Asia IC Photomask	15 SECOR ROAD, BROOKFIELD CT 06804
John P Jordan	officer: SVP & Chief Financial Officer	600 EAST GREENWICH AVENUE, WEST WARWICK RI 02893
Daniel Jl Liao	director	2045 EAST INNOVATION CIRCLE, TEMPE AZ 85284
Fiorita Joseph A Jr	director	15 SECOR ROAD, BROOKFIELD CT 06804
Walter M Fiederowicz	director	15 SECOR ROAD, BROOKFIELD CT 06804
Mary Paladino	director	15 SECOR ROAD, BROOKFIELD CT 06804
George Macricostas	director	15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Macricostas Constantine S	director	15 SECOR ROAD, P.O. BOX 5226, BROOKFIELD CT 06804
Sean T Smith	officer: VP and Chief Financial Officer	15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Liang Choo Hsia	director	15 SECOR RD., BROOKFIELD CT 06804