SYSTEM INFORMATION Co (TSE:3677) Long-Term Capital Lease Obligation : 円18 Mil (As of Sep. 2023)

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What is SYSTEM INFORMATION Co Long-Term Capital Lease Obligation?

SYSTEM INFORMATION Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was 円18 Mil.

SYSTEM INFORMATION Co's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2023 (円0 Mil) to Jun. 2023 (円0 Mil) but then increased from Jun. 2023 (円0 Mil) to Sep. 2023 (円18 Mil).

SYSTEM INFORMATION Co's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (円17 Mil) to Sep. 2022 (円14 Mil) but then increased from Sep. 2022 (円14 Mil) to Sep. 2023 (円18 Mil).

SYSTEM INFORMATION Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for SYSTEM INFORMATION 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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SYSTEM INFORMATION Co Long-Term Capital Lease Obligation Chart

SYSTEM INFORMATION Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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32.48

21.47

16.61

14.42

17.71

SYSTEM INFORMATION Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															14.42	-	-	-	17.71

SYSTEM INFORMATION Co (TSE:3677) 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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SYSTEM INFORMATION Co (TSE:3677) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » SYSTEM INFORMATION Co Ltd (TSE:3677) » Definitions » Long-Term Capital Lease Obligation

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Address

1-7-3 Kachidoki, Kachidoki Sun Square, 7th Floor, Tokyo, JPN, 104-0054

Website

http://www.sysj.co.jp

SYSTEM INFORMATION Co Ltd is engaged in providing technical services related to the construction of infrastructure, server system, internet/intranet related system, insurance business system, and web application system.

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