Novatek Microelectronics (TPE:3034) Long-Term Capital Lease Obligation : NT$337 Mil (As of Mar. 2024)

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What is Novatek Microelectronics Long-Term Capital Lease Obligation?

Novatek Microelectronics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$337 Mil.

Novatek Microelectronics's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$329 Mil) to Dec. 2023 (NT$324 Mil) but then increased from Dec. 2023 (NT$324 Mil) to Mar. 2024 (NT$337 Mil).

Novatek Microelectronics's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (NT$201 Mil) to Dec. 2022 (NT$165 Mil) but then increased from Dec. 2022 (NT$165 Mil) to Dec. 2023 (NT$324 Mil).

Novatek Microelectronics Long-Term Capital Lease Obligation Historical Data

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

Novatek Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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215.11

213.73

200.60

164.73

324.23

Novatek Microelectronics 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															247.55	240.72	328.93	324.23	336.73

Novatek Microelectronics (TPE:3034) 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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Novatek Microelectronics (TPE:3034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Novatek Microelectronics Corp (TPE:3034) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No.13, Innovation Road I, 2nd Floor, Hsinchu Science Park, Hsinchu, TWN, 30076

Website

https://www.novatek.com.tw

Novatek Microelectronics Corp is a chip design company specializing in the design, development, and sales of a wide range of display driver ICs and SoC solutions for all display and audio/video applications. The group is mainly engaged in researching, developing, manufacturing, and sales of integrated circuit chips speech, communication, computer peripherals, LCD driver IC system, embedded MCU, DSP, and systems. The firm generates the majority of its revenue from countries across Asia, and the rest comes from Taiwan and others.

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