National Silicon Industry Group Co (SHSE:688126) Long-Term Capital Lease Obligation : ¥66 Mil (As of Mar. 2024)

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What is National Silicon Industry Group Co Long-Term Capital Lease Obligation?

National Silicon Industry Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥66 Mil.

National Silicon Industry Group Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥72 Mil) to Dec. 2023 (¥70 Mil) and declined from Dec. 2023 (¥70 Mil) to Mar. 2024 (¥66 Mil).

National Silicon Industry Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥99 Mil) to Dec. 2022 (¥86 Mil) and declined from Dec. 2022 (¥86 Mil) to Dec. 2023 (¥70 Mil).

National Silicon Industry Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for National Silicon Industry Group Co'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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National Silicon Industry Group Co Long-Term Capital Lease Obligation Chart

National Silicon Industry Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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55.73

99.35

85.63

69.95

National Silicon Industry Group Co 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															78.64	72.42	72.14	69.95	66.49

National Silicon Industry Group Co (SHSE:688126) 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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National Silicon Industry Group Co (SHSE:688126) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » National Silicon Industry Group Co Ltd (SHSE:688126) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 865 Changning Road, 4th Floor, Building 5, Shanghai, CHN, 200050

Website

http://www.nsig.com

National Silicon Industry Group was founded in 2015 after reorganizing several smaller silicon producers. Its major subsidiaries are Zing Semiconductor and Simgui domestically, and Okmetic in Finland. The company had an annual production capacity of 9 million wafers at the end of 2022. NSIG holds a 9% stake in France-based Soitec, which is both a supplier and a customer. NSIG is headquartered in Shanghai, China and employs over 2,400 people.

Executives

Qiu Ci Yun	Directors, senior managers
Huang Yan	senior management
Li Wei	Senior management, core technical personnel
	Senior management, core technical personnel

National Silicon Industry Group Co (SHSE:688126) Headlines

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