Micron Technology (MIL:1MU) Long-Term Capital Lease Obligation : €1,909 Mil (As of Feb. 2024)

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What is Micron Technology Long-Term Capital Lease Obligation?

Micron Technology's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €1,909 Mil.

Micron Technology's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 (€1,570 Mil) to Nov. 2023 (€1,725 Mil) and increased from Nov. 2023 (€1,725 Mil) to Feb. 2024 (€1,909 Mil).

Micron Technology's annual Long-Term Capital Lease Obligation increased from Aug. 2021 (€980 Mil) to Aug. 2022 (€1,375 Mil) and increased from Aug. 2022 (€1,375 Mil) to Aug. 2023 (€1,570 Mil).

Micron Technology Long-Term Capital Lease Obligation Historical Data

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

Micron Technology Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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330.83

796.84

980.05

1,374.89

1,569.90

Micron Technology Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,447.70	1,491.32	1,569.90	1,725.11	1,908.69

Micron Technology (MIL:1MU) 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.

Micron Technology Long-Term Capital Lease Obligation Related Terms

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Micron Technology (MIL:1MU) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micron Technology Inc (MIL:1MU) » Definitions » Long-Term Capital Lease Obligation

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Address

8000 South Federal Way, Post Office Box 6, Boise, ID, USA, 83716-9632

Website

https://www.micron.com

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

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