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Nexchip Semiconductor (SHSE:688249) Long-Term Capital Lease Obligation : ¥0 Mil (As of Mar. 2024)


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What is Nexchip Semiconductor Long-Term Capital Lease Obligation?

Nexchip Semiconductor's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil.

Nexchip Semiconductor's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥1 Mil) to Dec. 2023 (¥0 Mil) but then stayed the same from Dec. 2023 (¥0 Mil) to Mar. 2024 (¥0 Mil).

Nexchip Semiconductor's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥2,089 Mil) to Dec. 2022 (¥1,965 Mil) and declined from Dec. 2022 (¥1,965 Mil) to Dec. 2023 (¥0 Mil).


Nexchip Semiconductor Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nexchip 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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Nexchip Semiconductor Long-Term Capital Lease Obligation Chart

Nexchip Semiconductor Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - 972.66 2,088.84 1,965.00 -

Nexchip Semiconductor Quarterly Data
Dec18 Dec19 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,868.55 1,893.50 1.20 - -

Nexchip Semiconductor  (SHSE:688249) 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.

Nexchip Semiconductor Long-Term Capital Lease Obligation Related Terms

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Nexchip Semiconductor (SHSE:688249) Business Description

Traded in Other Exchanges
N/A
Address
No. 88, West Feihe Road, Hefei Comprehensive Bonded Zone, Xinzhan District, Anhui Province, Hefei, CHN, 230011
Nexchip Semiconductor Corp is the first 12-inch wafer foundry enterprise in Anhui Province. The company focuses on semiconductor wafer production and foundry services and is committed to contributing to the improvement of domestic independent and controllable integrated circuit manufacturing capabilities, providing customers with different 150-55nm process technologies, and will introduce more advanced process technologies in the future. It is engaged in Research and development, production and sales of integrated circuit-related products and supporting products.
Executives
Zhou Yi Liang senior management
Cai Guo Zhi Director
Cai Hui Jia Senior management, core technical personnel
Zhu Cai Wei Director

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