IQE (LSE:IQE) Long-Term Capital Lease Obligation : £44.5 Mil (As of Jun. 2024)

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What is IQE Long-Term Capital Lease Obligation?

IQE's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was £44.5 Mil.

IQE's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (£42.8 Mil) to Dec. 2023 (£40.4 Mil) but then increased from Dec. 2023 (£40.4 Mil) to Jun. 2024 (£44.5 Mil).

IQE's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£49.7 Mil) to Dec. 2022 (£46.0 Mil) and declined from Dec. 2022 (£46.0 Mil) to Dec. 2023 (£40.4 Mil).

IQE Long-Term Capital Lease Obligation Historical Data

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

IQE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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44.90

42.23

49.69

46.03

40.44

IQE Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															48.37	46.03	42.83	40.44	44.49

IQE (LSE:IQE) 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.

IQE Long-Term Capital Lease Obligation Related Terms

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IQE Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » IQE PLC (LSE:IQE) » Definitions » Long-Term Capital Lease Obligation

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IQEPY:USA IQEPF:USA IQE.GB:UK

Address

Pascal Close, Saint Mellons, Cardiff, South Glamorgan, GBR, CF3 0LW

Website

https://www.iqep.com

IQE PLC is a company engaged in the research, design, development, manufacture and sale of compound semiconductor materials. Its reportable segments based on the markets include Wireless, Photonics, and CMOS++. The Photonics segment manufactures and sells compound semiconductor material for the photonics market, which includes applications that either transmit or sense light, both visible and infrared. The Wireless segment manufactures and sells compound semiconductor material for the wireless market, which includes radiofrequency devices that enable wireless communications. Its geographical segments are the Americas, Europe, Middle East & Africa (EMEA), and the Asia Pacific.

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