Park24 Co (TSE:4666) Long-Term Capital Lease Obligation : 円19,316 Mil (As of Jan. 2024)

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What is Park24 Co Long-Term Capital Lease Obligation?

Park24 Co's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円19,316 Mil.

Park24 Co's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (円17,545 Mil) to Oct. 2023 (円18,055 Mil) and increased from Oct. 2023 (円18,055 Mil) to Jan. 2024 (円19,316 Mil).

Park24 Co's annual Long-Term Capital Lease Obligation declined from Oct. 2021 (円22,679 Mil) to Oct. 2022 (円19,158 Mil) and declined from Oct. 2022 (円19,158 Mil) to Oct. 2023 (円18,055 Mil).

Park24 Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Park24 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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Park24 Co Long-Term Capital Lease Obligation Chart

Park24 Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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10,217.00

31,557.00

22,679.00

19,158.00

18,055.00

Park24 Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															17,814.00	17,414.00	17,545.00	18,055.00	19,316.00

Park24 Co (TSE:4666) 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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Park24 Co (TSE:4666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Park24 Co Ltd (TSE:4666) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PKCOY:USA 5FJ:Germany

Address

2-20-4 Nishigotanda, Shinagawa-ku, Tokyo, JPN, 141-8924

Website

https://www.park24.co.jp

Park24 Co Ltd is a Japanese operator of parking facilities. The company is organised into two segments: parking business Japan, Parking Business International and mobility business. The parking business, which contributes the majority of revenue, operates fully-automated parking facilities and related services. The Parking business in international segment provides Parking facility management in overseas. The mobility business car rental services through the Times Car RENTAL brand, car sharing services through the Times Car PLUS brand, and related services. While Park 24 operates in Japan, Taiwan, and South Korea, the company earns the majority of revenue domestically.

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