Hua Hong Semiconductor (HKSE:01347) Long-Term Capital Lease Obligation : HK$152 Mil (As of Jun. 2024)

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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 Jun. 2024 was HK$152 Mil.

Hua Hong Semiconductor's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (HK$146 Mil) to Dec. 2023 (HK$149 Mil) and increased from Dec. 2023 (HK$149 Mil) to Jun. 2024 (HK$152 Mil).

Hua Hong Semiconductor's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$126 Mil) to Dec. 2022 (HK$114 Mil) but then increased from Dec. 2022 (HK$114 Mil) to Dec. 2023 (HK$149 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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130.29

134.92

125.85

114.01

149.39

Hua Hong Semiconductor Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															143.44	146.00	149.39	151.83	-

Hua Hong Semiconductor (HKSE:01347) 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 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hua Hong Semiconductor Ltd (HKSE:01347) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HHUSF:USA 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 us. It employs more than 6,800 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.

Executives

Shanghai Hua Hong International, Inc.
Shanghai Huahong (group) Co., Ltd.
Shanghai Alliance Investment Ltd
Sino-alliance International, Ltd.
Xin Xin Xiang Gang Tou Zi You Xian Gong Si	2101 Beneficial owner
Guo Jia Ji Cheng Dian Lu Chan Ye Tou Zi Ji Jin Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Xun Xin Shang Hai Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

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