United Microelectronics (United Microelectronics) Long-Term Capital Lease Obligation : $156 Mil (As of Dec. 2023)

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What is United Microelectronics Long-Term Capital Lease Obligation?

United Microelectronics's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $156 Mil.

United Microelectronics's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($163 Mil) to Sep. 2023 ($156 Mil) and declined from Sep. 2023 ($156 Mil) to Dec. 2023 ($156 Mil).

United Microelectronics's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($163 Mil) to Dec. 2022 ($170 Mil) but then declined from Dec. 2022 ($170 Mil) to Dec. 2023 ($156 Mil).

United Microelectronics Long-Term Capital Lease Obligation Historical Data

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

United Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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180.48

178.23

162.57

169.64

156.12

United Microelectronics 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															169.64	169.86	163.36	156.31	156.12

United Microelectronics (NYSE:UMC) 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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United Microelectronics (United Microelectronics) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Microelectronics Corp (NYSE:UMC) » Definitions » Long-Term Capital Lease Obligation

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2303:Taiwan UMC:Mexico UMCB:Germany

Address

No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, TWN

Website

https://www.umc.com

Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2022 after TSMC and GlobalFoundries. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the U.S. and South Korea. UMC features a diverse customer base including Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.