Niche-Tech Semiconductor Materials (HKSE:08490) Long-Term Capital Lease Obligation : HK$11.6 Mil (As of Dec. 2023)

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What is Niche-Tech Semiconductor Materials Long-Term Capital Lease Obligation?

Niche-Tech Semiconductor Materials's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$11.6 Mil.

Niche-Tech Semiconductor Materials's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$9.8 Mil) to Sep. 2023 (HK$0.0 Mil) but then increased from Sep. 2023 (HK$0.0 Mil) to Dec. 2023 (HK$11.6 Mil).

Niche-Tech Semiconductor Materials's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$13.1 Mil) to Dec. 2022 (HK$9.3 Mil) but then increased from Dec. 2022 (HK$9.3 Mil) to Dec. 2023 (HK$11.6 Mil).

Niche-Tech Semiconductor Materials Long-Term Capital Lease Obligation Historical Data

The historical data trend for Niche-Tech Semiconductor Materials'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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Niche-Tech Semiconductor Materials Long-Term Capital Lease Obligation Chart

Niche-Tech Semiconductor Materials Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.85

12.42

13.11

9.32

11.64

Niche-Tech Semiconductor Materials Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.32	-	9.83	-	11.64

Niche-Tech Semiconductor Materials (HKSE:08490) 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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Niche-Tech Semiconductor Materials (HKSE:08490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Niche-Tech Semiconductor Materials Ltd (HKSE:08490) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 208, 2nd Floor, Lakeside 1, Phase Two, Hong Kong Science Park, Pak Shek Kok, New Territories, Hong Kong, HKG

Website

https://www.nichetech.com.hk

Niche-Tech Semiconductor Materials Ltd is a semiconductor packaging materials manufacturer. Its products are divided into Bonding Wires, Encapsulants, and Others. Bonding wires include developing, manufacturing, and supply of fine and ultra-fine Bonding Wires such as gold, gold alloy, silver alloy, aluminum, silicone aluminum, copper, copper alloy, and palladium-coated copper. Other products mainly include solder wire, solder bar, solder paste, and bonding tools for PCB application, and Encapsulant includes high-purity liquid glob-top epoxy for COB applications and others. The company generates a majority of its revenue from Bonding wires, and geographically from the People's Republic of China.

Executives

Chows Investment Group Limited	2201 Interest of corporation controlled by you
Niche-tech Investment Holdings Limited	2101 Beneficial owner
Cheng Pak Ching	2202 Interest of your spouse
Ma Ah Muk	2101 Beneficial owner
Chow Chun Kay Stephen	2201 Interest of corporation controlled by you
Chow Fung Wai Lan Rita	2202 Interest of your spouse
Chow Bok Hin Felix	2201 Interest of corporation controlled by you
Chow Kuo Li Jen	2202 Interest of your spouse

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