CETC Chips Technology (SHSE:600877) Long-Term Capital Lease Obligation : ¥1 Mil (As of Mar. 2024)

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What is CETC Chips Technology Long-Term Capital Lease Obligation?

CETC Chips Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil.

CETC Chips Technology's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥5 Mil) to Dec. 2023 (¥2 Mil) and declined from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥1 Mil).

CETC Chips Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥6 Mil) to Dec. 2022 (¥8 Mil) but then declined from Dec. 2022 (¥8 Mil) to Dec. 2023 (¥2 Mil).

CETC Chips Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for CETC Chips Technology'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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CETC Chips Technology Long-Term Capital Lease Obligation Chart

CETC Chips Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.43

6.34

7.56

1.78

CETC Chips Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7.35	5.82	5.00	1.78	1.30

CETC Chips Technology (SHSE:600877) 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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CETC Chips Technology (SHSE:600877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » CETC Chips Technology Inc (SHSE:600877) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 111, Yongjia Avenue, Biquan Street, Bishan District, Chongqing, CHN, 401331

Website

http://www.cetcec.com

CETC Chips Technology Inc is engaged in the design, research and development, manufacture, testing and sales of silicon-based analog semiconductor chips and their application products.

Executives

Xu Da Peng	Supervisors
Chen He Ping	senior management
Zhao Hai Qiang	Director
Jing Bo	Director
Chen Wei Dong	Supervisors
Huang Yan	senior management
Zhao Cheng Fu	senior management
Huang Jing Yu	Director
Li Hua Guang	Director
Li Gong You	Supervisors

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