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Sony Group (Sony Group) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)


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What is Sony Group Long-Term Capital Lease Obligation?

Sony Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

Sony Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1,458 Mil) to Sep. 2023 ($1,375 Mil) and declined from Sep. 2023 ($1,375 Mil) to Dec. 2023 ($0 Mil).

Sony Group's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($1,072 Mil) to Mar. 2022 ($1,856 Mil) but then declined from Mar. 2022 ($1,856 Mil) to Mar. 2023 ($1,444 Mil).


Sony Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sony Group'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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Sony Group Long-Term Capital Lease Obligation Chart

Sony Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1,111.78 1,072.11 1,856.28 1,443.56

Sony Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,523.77 1,443.56 1,457.84 1,374.99 -

Sony Group  (NYSE:SONY) 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.

Sony Group Long-Term Capital Lease Obligation Related Terms

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Sony Group (Sony Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sony Group Corp (NYSE:SONY) » Definitions » Long-Term Capital Lease Obligation
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7-1, Konan 1-Chome, Minato-ku, Tokyo, JPN, 108-0075
Sony Group is a conglomerate with consumer electronics roots, which not only designs, develops, produces, and sells electronic equipment and devices, but also is engaged in content businesses, such as console and mobile games, music, and movies. Sony is a global top company of CMOS image sensors, game consoles, professional broadcasting cameras, and music publishing, and is one of the top players on digital cameras, wireless earphones, recorded music, movies, and so on. Sony's business portfolio is well diversified with six major business segments. The company fully consolidated Sony Financial in September 2020, which provides life and non-life insurance, banking, and other financial services.