Daido Steel Co (NGO:5471) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)

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What is Daido Steel Co Long-Term Capital Lease Obligation?

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

Daido Steel Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Daido Steel 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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Daido Steel Co Long-Term Capital Lease Obligation Chart

Daido Steel Co Annual Data

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Long-Term Capital Lease Obligation

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Daido Steel Co Quarterly Data
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Daido Steel Co (NGO:5471) 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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Daido Steel Co (NGO:5471) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Daido Steel Co Ltd (NGO:5471) » Definitions » Long-Term Capital Lease Obligation

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5471:Japan DDL:Germany

Address

1-10, Higashisakura 1-chome, Higashi-ku, Nagoya, Aichi, JPN, 461-8581

Website

http://www.daido.co.jp

Daido Steel Co Ltd is a Japan-based company that primarily operates through three segments. The special steel segment produces and distributes specialty steel for automotive parts, industrial machinery parts, electrical machinery parts, construction, and tool steel. The high-performance materials and magnetic materials segment produces and sells stainless steel, nickel-based alloys, electrical and electronic parts, magnetic material products, alloy powder, titanium products, and welding wire. The parts for automobile and industrial equipment segment is engaged in forging and casting for parts for automobiles, industrial machines, chemical equipment, and oil drilling rigs. The company generates majority of its revenue from the Japanese domestic market.

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