Hua Hong Semiconductor (Hua Hong Semiconductor) Long-Term Capital Lease Obligation : $19 Mil (As of Dec. 2023)

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What is Hua Hong Semiconductor Long-Term Capital Lease Obligation?

Hua Hong Semiconductor's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $19 Mil.

Hua Hong Semiconductor's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($18 Mil) to Sep. 2023 ($19 Mil) and increased from Sep. 2023 ($19 Mil) to Dec. 2023 ($19 Mil).

Hua Hong Semiconductor's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($16 Mil) to Dec. 2022 ($15 Mil) but then increased from Dec. 2022 ($15 Mil) to Dec. 2023 ($19 Mil).

Hua Hong Semiconductor Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hua Hong Semiconductor'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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Hua Hong Semiconductor Long-Term Capital Lease Obligation Chart

Hua Hong Semiconductor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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16.69

17.41

16.14

14.64

19.13

Hua Hong Semiconductor Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															14.98	14.64	18.31	18.65	19.13

Hua Hong Semiconductor (OTCPK:HHUSF) 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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Hua Hong Semiconductor (Hua Hong Semiconductor) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hua Hong Semiconductor Ltd (OTCPK:HHUSF) » Definitions » Long-Term Capital Lease Obligation

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01347:Hong Kong 1HH:Germany 688347:China

Address

288 Halei Road, Zhangjiang Hi-Tech Park, Shanghai, CHN, 201203

Website

https://www.huahonggrace.com

Hua Hong Semiconductor, or Hua Hong, is the second-largest Chinese foundry and the seventh-largest globally. Its current form is a result of an intragroup restructuring completed in 2013. Hua Hong is headquartered in Shanghai with another plant in Wuxi, China, and has sales offices in Japan, Taiwan and the U.S. It employs more than 6,700 employees. Hua Hong's products are used on smartphones, PCs, for the Internet of Things, data centers, and for automotive and industrial purposes, and so on, but it focuses on more mature process technologies.