Sumitomo (Sumitomo) Long-Term Capital Lease Obligation

: $2,829 Mil (As of Dec. 2023)

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Sumitomo's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,829 Mil.

Sumitomo's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($2,975 Mil) to Sep. 2023 ($2,835 Mil) and declined from Sep. 2023 ($2,835 Mil) to Dec. 2023 ($2,829 Mil).

Sumitomo's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($3,958 Mil) to Mar. 2022 ($3,458 Mil) and declined from Mar. 2022 ($3,458 Mil) to Mar. 2023 ($3,155 Mil).

Sumitomo Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sumitomo'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.

* Premium members only.

Sumitomo Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

509.58

3,957.38

3,958.24

3,457.89

3,155.36

Sumitomo 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																3,052.35	3,155.36	2,975.12	2,835.42	2,828.72

Sumitomo (OTCPK:SSUMY) 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.

Sumitomo Long-Term Capital Lease Obligation Related Terms

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Sumitomo (Sumitomo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sumitomo Corp (OTCPK:SSUMY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SSUMF:USA 8053:Japan SUMA:Germany

Address

3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, JPN, 100-8601

Website

http://www.sumitomocorp.co.jp

Sumitomo Corp is a Japanese conglomerate that operates various business units: metal products; transportation and construction systems; environment and infrastructure; media, ICT, and lifestyle-related goods and services; and mineral resources, energy, chemical, and electronics. The businesses develop, manufacture, distribute, and service steel sheets, steel tubular products, nonferrous metal products, ship and aerospace equipment, railway cars, automobiles, construction equipment, lifestyle and food retail goods, materials and supplies, mineral resources, energy, electronics, and life sciences. The group also offers services in infrastructure projects, real estate construction, and general construction and development projects.