China Resources Microelectronics (SHSE:688396) Long-Term Capital Lease Obligation : ¥73 Mil (As of Mar. 2024)

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What is China Resources Microelectronics Long-Term Capital Lease Obligation?

China Resources Microelectronics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥73 Mil.

China Resources Microelectronics's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥91 Mil) to Dec. 2023 (¥77 Mil) and declined from Dec. 2023 (¥77 Mil) to Mar. 2024 (¥73 Mil).

China Resources Microelectronics's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥49 Mil) to Dec. 2022 (¥47 Mil) but then increased from Dec. 2022 (¥47 Mil) to Dec. 2023 (¥77 Mil).

China Resources Microelectronics Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Resources Microelectronics'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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China Resources Microelectronics Long-Term Capital Lease Obligation Chart

China Resources Microelectronics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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64.67

48.61

46.91

77.29

China Resources Microelectronics 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															109.75	93.26	91.33	77.29	72.85

China Resources Microelectronics (SHSE:688396) 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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China Resources Microelectronics (SHSE:688396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Resources Microelectronics Ltd (SHSE:688396) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14, Liangxi Road, Jiangsu Province, Wuxi, CHN, 214061

Website

https://www.crmicro.com

China Resources Microelectronics Ltd is engaged in the design, production, and sales of power semiconductors, smart sensors, and smart control products, as well as provides manufacturing services such as open wafer manufacturing, packaging, and testing. The company's product portfolio includes power components, MOSFET, IGBT, BJT and DIODES, Power IC, Power modules, Smart sensors, and intelligent controls.

Executives

Zhang Sen	Core technical personnel
You Yong	Core technical personnel
Wu Quan Qing	Core technical personnel
Luo Xian Cai	Core technical personnel
Ding Dong Min	Core technical personnel
Duan Jun	senior management
Li Hong	Directors, senior managers, core technical personn
Wu Jian Zhong	Core technical personnel
Xia Zhang Feng	Core technical personnel
Ma Wei Qing	Senior management, core technical personnel
Zhuang Heng Qian	senior management
Chun Yu Jiang Min	Core technical personnel
Wu Guo Yi	Directors, senior managers
Zheng Chen Yan	Core technical personnel
Li Ge	senior management

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