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Panasonic Information Systems Co (TSE:4283) Long-Term Capital Lease Obligation : 円124 Mil (As of Mar. 2015)


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What is Panasonic Information Systems Co Long-Term Capital Lease Obligation?

Panasonic Information Systems Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2015 was 円124 Mil.

Panasonic Information Systems Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2014 (円35 Mil) to Dec. 2014 (円39 Mil) and increased from Dec. 2014 (円39 Mil) to Mar. 2015 (円124 Mil).

Panasonic Information Systems Co's annual Long-Term Capital Lease Obligation declined from Mar. 2013 (円175 Mil) to Mar. 2014 (円34 Mil) but then increased from Mar. 2014 (円34 Mil) to Mar. 2015 (円124 Mil).


Panasonic Information Systems Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Panasonic Information Systems 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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Panasonic Information Systems Co Long-Term Capital Lease Obligation Chart

Panasonic Information Systems Co Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 561.00 362.00 175.00 34.00 124.00

Panasonic Information Systems Co Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.00 36.00 35.00 39.00 124.00

Panasonic Information Systems Co  (TSE:4283) 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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Panasonic Information Systems Co (TSE:4283) Business Description

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Panasonic Information Systems Co Ltd was established on 22nd February, 2002. The Company provides system solutions which include core system architecture solutions, IT infrastructure architecture solutions and proprietary packaged software.

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