GCT Semiconductor Holding (GCT Semiconductor Holding) Long-Term Capital Lease Obligation : $0.67 Mil (As of Mar. 2024)

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What is GCT Semiconductor Holding Long-Term Capital Lease Obligation?

GCT Semiconductor Holding's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.67 Mil.

GCT Semiconductor Holding's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.99 Mil) to Dec. 2023 ($0.85 Mil) and declined from Dec. 2023 ($0.85 Mil) to Mar. 2024 ($0.67 Mil).

GCT Semiconductor Holding's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.04 Mil) to Dec. 2022 ($0.57 Mil) and increased from Dec. 2022 ($0.57 Mil) to Dec. 2023 ($0.85 Mil).

GCT Semiconductor Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for GCT Semiconductor Holding'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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GCT Semiconductor Holding Long-Term Capital Lease Obligation Chart

GCT Semiconductor Holding Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.04

0.57

0.85

GCT Semiconductor Holding Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.57	-	0.99	0.85	0.67

GCT Semiconductor Holding (NYSE:GCTS) 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.

GCT Semiconductor Holding Long-Term Capital Lease Obligation Related Terms

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GCT Semiconductor Holding (GCT Semiconductor Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GCT Semiconductor Holding Inc (NYSE:GCTS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2290 North 1st Street, Suite 201, San Jose, CA, USA, 95131

Website

https://www.gctsemi.com

GCT Semiconductor Holding Inc. is a designer and supplier of 5G and 4G LTE semiconductor solutions. It enabled fast and reliable 4G LTE connectivity to numerous commercial devices such as CPEs, mobile hotspots, routers, M2M applications and smartphones, etc. The system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G and 5G platform solutions with small form factors, low power consumption, high performance, high reliability, and cost-effectiveness.

GCT Semiconductor Holding (GCT Semiconductor Holding) Headlines

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