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

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What is Toyota Motor Long-Term Capital Lease Obligation?

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

Toyota Motor's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($2,887 Mil) to Mar. 2022 ($3,076 Mil) but then declined from Mar. 2022 ($3,076 Mil) to Mar. 2023 ($2,912 Mil).

Toyota Motor Long-Term Capital Lease Obligation Historical Data

The historical data trend for Toyota Motor'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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Toyota Motor Long-Term Capital Lease Obligation Chart

Toyota Motor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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2,756.76

2,469.45

2,886.60

3,076.40

2,912.15

Toyota Motor 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															-	2,912.15	-	-	-

Toyota Motor (NYSE:TM) 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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Toyota Motor (Toyota Motor) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyota Motor Corp (NYSE:TM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TOYOF:USA TMN:Mexico 7203:Japan 7203:Japan TYT:UK TOM:Germany TOM:Germany TOMA:Germany TOM:Germany TMCO34:Brazil TOM:Austria TM:Argentina

Address

1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571

Website

https://www.global.toyota

Founded in 1937, Toyota is one of the world's largest automakers with 10.56 million units sold at retail in fiscal 2023 across its light vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 51% excluding mini-vehicles, while U.S. share is around 15%. The firm also owns 3.3% of Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2023 sales excluding financial services were JPY 34.4 trillion. Toyota also has a financing arm and manufactures homes and boats.