SEALSQ (SEALSQ) Long-Term Capital Lease Obligation : $0.89 Mil (As of Dec. 2023)

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What is SEALSQ Long-Term Capital Lease Obligation?

SEALSQ's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.89 Mil.

SEALSQ's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.99 Mil) to Jun. 2023 ($0.89 Mil) but then increased from Jun. 2023 ($0.89 Mil) to Dec. 2023 ($0.89 Mil).

SEALSQ's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.46 Mil) to Dec. 2022 ($0.99 Mil) and declined from Dec. 2022 ($0.99 Mil) to Dec. 2023 ($0.89 Mil).

SEALSQ Long-Term Capital Lease Obligation Historical Data

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

SEALSQ Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.69

1.46

0.99

0.89

SEALSQ Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			1.46	1.35	0.99	0.89	0.89

SEALSQ (NAS:LAES) 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.

SEALSQ Long-Term Capital Lease Obligation Related Terms

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SEALSQ (SEALSQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SEALSQ Corp (NAS:LAES) » Definitions » Long-Term Capital Lease Obligation

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Address

Avenue Louis-Casai 58, Cointrin, CHE, 1216

Website

https://www.sealsq.com

SEALSQ Corp is one of the very few semiconductor companies in the world capable of developing certified secure microcontrollers and implementing post-quantum cryptography. Its vaultIC range offers a complete set of ready-to-use secure elements designed to implement embedded security for any kind of device with fast time-to-market and high flexibility. The company's products include VaultIC155, VaultIV18x, VaultIC292, and VaultIC40x.