Galaxy Core (SHSE:688728) Long-Term Capital Lease Obligation : ¥2 Mil (As of Mar. 2024)

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What is Galaxy Core Long-Term Capital Lease Obligation?

Galaxy Core's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2 Mil.

Galaxy Core's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (¥1 Mil) to Dec. 2023 (¥2 Mil) and increased from Dec. 2023 (¥2 Mil) to Mar. 2024 (¥2 Mil).

Galaxy Core's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥4 Mil) but then declined from Dec. 2022 (¥4 Mil) to Dec. 2023 (¥2 Mil).

Galaxy Core Long-Term Capital Lease Obligation Historical Data

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

Galaxy Core Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.62

0.28

4.15

1.62

Galaxy Core Quarterly Data
	Dec17	Dec18	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															2.24	5.24	1.04	1.62	1.65

Galaxy Core (SHSE:688728) 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.

Galaxy Core Long-Term Capital Lease Obligation Related Terms

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Galaxy Core (SHSE:688728) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Core Inc (SHSE:688728) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 560 Shengxia Road, 11th Floor, Building 2, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.gcoreinc.com

Galaxy Core Inc is engaged in the research and development, design and sales of CMOS image sensors and display driver chips.

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