Soracom (TSE:147A) Long-Term Capital Lease Obligation : 円15 Mil (As of Dec. 2023)

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What is Soracom Long-Term Capital Lease Obligation?

Soracom's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円15 Mil.

Soracom's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 (円30 Mil) to Mar. 2023 (円16 Mil) and declined from Mar. 2023 (円16 Mil) to Dec. 2023 (円15 Mil).

Soracom's annual Long-Term Capital Lease Obligation increased from . 20 (円0 Mil) to Mar. 2022 (円30 Mil) but then declined from Mar. 2022 (円30 Mil) to Mar. 2023 (円16 Mil).

Soracom Long-Term Capital Lease Obligation Historical Data

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

Soracom Annual Data

Trend

Mar22

Mar23

Long-Term Capital Lease Obligation

30.09

16.17

Soracom Quarterly Data
	Mar22	Mar23	Dec23
Long-Term Capital Lease Obligation	30.09	16.17	14.81

Soracom (TSE:147A) 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.

Soracom Long-Term Capital Lease Obligation Related Terms

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Soracom (TSE:147A) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Soracom Inc (TSE:147A) » Definitions » Long-Term Capital Lease Obligation

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Address

3rd floor Ojima building, 4-5-6 Tamagawa, Setagaya-ku, Tokyo, JPN, 158-0094

Website

https://www.soracom.com

Soracom Inc is engaged in development and provision of the IoT platform SORACOM. IoT platform SORACOM provides one-stop IoT devices, communications, applications, etc.

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