Semiconductor Manufacturing International (SHSE:688981) Long-Term Capital Lease Obligation : ¥131 Mil (As of Mar. 2024)

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What is Semiconductor Manufacturing International Long-Term Capital Lease Obligation?

Semiconductor Manufacturing International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥131 Mil.

Semiconductor Manufacturing International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (¥251 Mil) to Dec. 2023 (¥188 Mil) and declined from Dec. 2023 (¥188 Mil) to Mar. 2024 (¥131 Mil).

Semiconductor Manufacturing International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥697 Mil) to Dec. 2022 (¥402 Mil) and declined from Dec. 2022 (¥402 Mil) to Dec. 2023 (¥188 Mil).

Semiconductor Manufacturing International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Semiconductor Manufacturing International'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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Semiconductor Manufacturing International Long-Term Capital Lease Obligation Chart

Semiconductor Manufacturing International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,171.86

982.99

697.19

402.14

187.64

Semiconductor Manufacturing International 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															342.32	305.66	250.96	187.64	130.74

Semiconductor Manufacturing International (SHSE:688981) 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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Semiconductor Manufacturing International (SHSE:688981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Semiconductor Manufacturing International Corp (SHSE:688981) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

00981:Hong Kong MKN2:Germany

Address

No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.smics.com

Founded in 2000, Semiconductor Manufacturing International Corp. is the largest Chinese foundry and the fifth-largest globally after TSMC, Samsung Electronics, GlobalFoundries, and United Microelectronics Corp. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs over 21,000 people.

Executives

Jin Da	Core technical personnel
Zhang Xin	Core technical personnel
Yan Da Yong	Core technical personnel

Semiconductor Manufacturing International (SHSE:688981) Headlines

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