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Intchains Group (Intchains Group) Long-Term Capital Lease Obligation : $0.05 Mil (As of Mar. 2024)


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What is Intchains Group Long-Term Capital Lease Obligation?

Intchains Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.05 Mil.

Intchains Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.16 Mil) to Dec. 2023 ($0.11 Mil) and declined from Dec. 2023 ($0.11 Mil) to Mar. 2024 ($0.05 Mil).

Intchains Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.20 Mil) to Dec. 2022 ($0.04 Mil) but then increased from Dec. 2022 ($0.04 Mil) to Dec. 2023 ($0.11 Mil).

Intchains Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Intchains Group'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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Intchains Group Long-Term Capital Lease Obligation Chart

Intchains Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- - 0.20 0.04 0.11

Intchains Group Quarterly Data
Dec19 Dec20 Sep21 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 0.03 0.16 0.16 0.11 0.05

Intchains Group  (NAS:ICG) 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.

Intchains Group Long-Term Capital Lease Obligation Related Terms

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Intchains Group (Intchains Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Intchains Group Ltd (NAS:ICG) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
No.333 Haiyang No.1 Road, 9th Floor, A Block, Lingang Science and Technology Park, Pudong New Area, Shanghai, CHN, 201306
Website
https://www.intchains.com
Intchains Group Ltd provides integrated solutions consisting of high-performance ASIC chips and ancillary software and hardware for blockchain applications. Its ASIC chips are designed for several key blockchain algorithms including Blake2bsha3, sha512MD160, Cryptonight V4, Eaglesong, and Blake2s. The company has built a proprietary technology platform named Xihe Platform, which allows the development of a wide range of ASIC chips with high efficiency and scalability. It designs its ASIC chips in-house, which enables it to leverage proprietary silicon data to deliver products reflecting the latest technological developments.