Sekisui Chemical Co (Sekisui Chemical Co) Long-Term Capital Lease Obligation : $116 Mil (As of Mar. 2024)

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What is Sekisui Chemical Co Long-Term Capital Lease Obligation?

Sekisui Chemical Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $116 Mil.

Sekisui Chemical Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($118 Mil) to Dec. 2023 ($119 Mil) but then declined from Dec. 2023 ($119 Mil) to Mar. 2024 ($116 Mil).

Sekisui Chemical Co's annual Long-Term Capital Lease Obligation declined from Mar. 2022 ($128 Mil) to Mar. 2023 ($116 Mil) but then increased from Mar. 2023 ($116 Mil) to Mar. 2024 ($116 Mil).

Sekisui Chemical Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sekisui Chemical 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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Sekisui Chemical Co Long-Term Capital Lease Obligation Chart

Sekisui Chemical Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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131.30

138.52

127.93

116.07

116.28

Sekisui Chemical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															116.07	117.89	118.08	118.63	116.28

Sekisui Chemical Co (OTCPK:SKSUY) 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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Sekisui Chemical Co (Sekisui Chemical Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sekisui Chemical Co Ltd (OTCPK:SKSUY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SKSUF:USA 4204:Japan SUI:Germany

Address

4-4, Nishitenma 2-Chome, Kita-ku, Osaka, JPN, 530-8565

Website

http://www.sekisui.co.jp

Sekisui Chemical Co., Ltd. is a Japanese diversified holding company that owns a high-performance-plastics company, a residential construction company, and an urban infrastructure company. The plastics part of the business focuses on the production of materials for electronics, transportation, and buildings. The residential construction segment builds single-family and multiunit housing in Japan. The company's unit construction method allows prebuilt modular components to be assembled at various plants, which reduces construction time on-site. Sekisui's urban infrastructure products and industrial piping are used in mass transit and buildings. High-performance plastics and residential construction account for the majority of the company's revenue.

Sekisui Chemical Co (Sekisui Chemical Co) Headlines

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