FIH Mobile (FIH Mobile) Long-Term Capital Lease Obligation : $3 Mil (As of Dec. 2023)

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What is FIH Mobile Long-Term Capital Lease Obligation?

FIH Mobile's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3 Mil.

FIH Mobile's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($2 Mil) to Jun. 2023 ($4 Mil) but then declined from Jun. 2023 ($4 Mil) to Dec. 2023 ($3 Mil).

FIH Mobile's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($18 Mil) to Dec. 2022 ($2 Mil) but then increased from Dec. 2022 ($2 Mil) to Dec. 2023 ($3 Mil).

FIH Mobile Long-Term Capital Lease Obligation Historical Data

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

FIH Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.84

19.44

18.14

2.26

2.74

FIH Mobile 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															18.14	16.72	2.26	3.66	2.74

FIH Mobile (OTCPK:FXCNF) 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.

FIH Mobile Long-Term Capital Lease Obligation Related Terms

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FIH Mobile (FIH Mobile) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIH Mobile Ltd (OTCPK:FXCNF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FXCNY:USA 02038:Hong Kong FW3:Germany

Address

No.4 Minsheng Street, Tucheng District, New Taipei City, TWN, 236

Website

https://www.fihmb.com

FIH Mobile Ltd is a provider of manufacturing services to the handset and wireless communications industry. The firm's services include product development and design, manufacturing and assembly, and after-sale maintenance and repairs. A majority of the firm's revenue is generated in Asia, with the rest coming from Europe and America region.

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