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Powertech Technology (LUX:PWRCT) Long-Term Capital Lease Obligation : $41 Mil (As of Mar. 2024)


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What is Powertech Technology Long-Term Capital Lease Obligation?

Powertech Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $41 Mil.

Powertech Technology's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($41 Mil) to Dec. 2023 ($42 Mil) but then declined from Dec. 2023 ($42 Mil) to Mar. 2024 ($41 Mil).

Powertech Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($49 Mil) to Dec. 2022 ($44 Mil) and declined from Dec. 2022 ($44 Mil) to Dec. 2023 ($42 Mil).


Powertech Technology Long-Term Capital Lease Obligation Historical Data

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

Powertech Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.10 50.74 49.19 43.87 42.05

Powertech Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.75 43.16 41.30 42.05 41.17

Powertech Technology  (LUX:PWRCT) 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.

Powertech Technology Long-Term Capital Lease Obligation Related Terms

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Powertech Technology (LUX:PWRCT) Business Description

Traded in Other Exchanges
Address
No.10, Datong Road, HuKou, Hsinchu Industrial Park, Hsinchu, TWN, 30352
Powertech Technology Inc is mainly engaged in the manufacturing, packaging, testing, researching and developing, designing, assembling and selling of various integrated circuit products. PTI also provides semiconductor testing and assembly services on a turnkey basis, in which PTI buys fabricated wafers and sells tested and assembled semiconductors. Geographically, the majority of revenue is derived from Japan & Taiwan. The company serves international customers with services including chip bumping, chip probing, IC assembly, final testing, burn-in, and system-level assembly.

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