Espressif Systems (Shanghai) Co (SHSE:688018) Long-Term Capital Lease Obligation : ¥10 Mil (As of Mar. 2024)

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What is Espressif Systems (Shanghai) Co Long-Term Capital Lease Obligation?

Espressif Systems (Shanghai) Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10 Mil.

Espressif Systems (Shanghai) Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥10 Mil) to Dec. 2023 (¥8 Mil) but then increased from Dec. 2023 (¥8 Mil) to Mar. 2024 (¥10 Mil).

Espressif Systems (Shanghai) Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥12 Mil) to Dec. 2022 (¥13 Mil) but then declined from Dec. 2022 (¥13 Mil) to Dec. 2023 (¥8 Mil).

Espressif Systems (Shanghai) Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Espressif Systems (Shanghai) 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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Espressif Systems (Shanghai) Co Long-Term Capital Lease Obligation Chart

Espressif Systems (Shanghai) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.03

12.12

12.84

8.46

Espressif Systems (Shanghai) 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															13.32	11.99	10.24	8.46	9.67

Espressif Systems (Shanghai) Co (SHSE:688018) 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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Espressif Systems (Shanghai) Co (SHSE:688018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Espressif Systems (Shanghai) Co Ltd (SHSE:688018) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 690, Bibo Road, Room 204, Building 2, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201203

Website

https://www.espressif.com

Espressif Systems (Shanghai) Co Ltd is primarily engaged in development, design and sales of Wi-Fi MCU communication chips and their modules from the internet of things.

Executives

Jiang Jiang Jian	Core technical personnel
Fu Yun Sheng	Core technical personnel
Wang Qiang	Core technical personnel
Wu Jian Gang	Core technical personnel
Wang Dong	Core technical personnel
Wang Jue	senior management
Shao Jing Bo	senior management
Cai Min Jie	Director
	Core technical personnel
	Core technical personnel
	Core technical personnel

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