SigmaStar Technology (SZSE:301536) Long-Term Capital Lease Obligation : ¥3 Mil (As of Jun. 2024)

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What is SigmaStar Technology Long-Term Capital Lease Obligation?

SigmaStar Technology's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥3 Mil.

SigmaStar Technology's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (¥8 Mil) to Dec. 2023 (¥7 Mil) and declined from Dec. 2023 (¥7 Mil) to Jun. 2024 (¥3 Mil).

SigmaStar Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥4 Mil) to Dec. 2022 (¥12 Mil) but then declined from Dec. 2022 (¥12 Mil) to Dec. 2023 (¥7 Mil).

SigmaStar Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for SigmaStar 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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SigmaStar Technology Long-Term Capital Lease Obligation Chart

SigmaStar Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.21

1.25

3.78

11.50

6.94

SigmaStar Technology Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			11.10	11.50	8.06	6.94	2.90

SigmaStar Technology (SZSE:301536) 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.

SigmaStar Technology Long-Term Capital Lease Obligation Related Terms

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SigmaStar Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SigmaStar Technology Ltd (SZSE:301536) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Houzhan Road, Floor 16, No. 1, Tong\'an District, Fujian Province, Xiamen, CHN, 361116

Website

https://www.sigmastar.com.cn

SigmaStar Technology Ltd is engaged in research & development and sales of video surveillance chips. Its products cover IP Cam, USB Cam, NVR, DVR, vehicle electronics, action cameras, smart home, robots, industry and other fields.

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