Global Testing (SGX:AYN) Long-Term Capital Lease Obligation : S$0.14 Mil (As of Dec. 2023)

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What is Global Testing Long-Term Capital Lease Obligation?

Global Testing's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.14 Mil.

Global Testing's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (S$0.04 Mil) to Jun. 2023 (S$0.16 Mil) but then declined from Jun. 2023 (S$0.16 Mil) to Dec. 2023 (S$0.14 Mil).

Global Testing's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (S$0.12 Mil) to Dec. 2022 (S$0.04 Mil) but then increased from Dec. 2022 (S$0.04 Mil) to Dec. 2023 (S$0.14 Mil).

Global Testing Long-Term Capital Lease Obligation Historical Data

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

Global Testing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.75

0.59

0.12

0.04

0.14

Global Testing Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.12	0.02	0.04	0.16	0.14

Global Testing (SGX:AYN) 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.

Global Testing Long-Term Capital Lease Obligation Related Terms

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Global Testing (SGX:AYN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Global Testing Corp Ltd (SGX:AYN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 75 Guangfu Road, Hu-Kou, Hsin-Chu Industrial Park, Hsin-Chu, TWN, 303

Website

https://www.gttw.com.tw

Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the firm is seen across the region of Singapore, the USA, Taiwan, China, Japan, and other countries.

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