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


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What is Kamigumi Co Long-Term Capital Lease Obligation?

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


Kamigumi Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kamigumi Co'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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Kamigumi Co Long-Term Capital Lease Obligation Chart

Kamigumi Co Annual Data
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Long-Term Capital Lease Obligation
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Kamigumi Co Quarterly Data
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Kamigumi Co  (OTCPK:KMGIF) 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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Kamigumi Co (Kamigumi Co) Business Description

Industry
Traded in Other Exchanges
Address
4-1-11, Hamabe-dori, Chuo-ku, Hyogo, Kobe, JPN, 651-0083
Kamigumi is a logistics company domiciled in Japan. The company operates harbour transportation services, warehousing facilities, and automobile transportation; handles cargo; and provides air, sea, rail, and road freight services. The company organises operations into three segments: domestic distribution, international distribution, and others. The company derives the vast majority of revenue from its domestic distribution business. The others segment leases real estate and manufactures and sells alcoholic beverages.

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