JMC (TSE:5704) Long-Term Capital Lease Obligation : 円142 Mil (As of Mar. 2024)

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What is JMC Long-Term Capital Lease Obligation?

JMC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円142 Mil.

JMC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (円181 Mil) to Dec. 2023 (円161 Mil) and declined from Dec. 2023 (円161 Mil) to Mar. 2024 (円142 Mil).

JMC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (円316 Mil) to Dec. 2022 (円226 Mil) and declined from Dec. 2022 (円226 Mil) to Dec. 2023 (円161 Mil).

JMC Long-Term Capital Lease Obligation Historical Data

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

JMC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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355.41

409.64

316.35

226.25

161.46

JMC 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															209.87	199.92	180.74	161.46	142.09

JMC (TSE:5704) 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.

JMC Long-Term Capital Lease Obligation Related Terms

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JMC (TSE:5704) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » JMC Corp (TSE:5704) » Definitions » Long-Term Capital Lease Obligation

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Address

2-5-5, Shinyokohama, Kohoku-ku, Real Estate Shin-Yokohama Building, 1st floor, Kanagawa, Yokohama, JPN, 222-0033

Website

http://www.jmc-rp.co.jp

JMC Corp provides 3D printing services as well as sand casting services. It manufactures and sale trial products like 3D printers and sand mold casting, various parts/products. It also sales inspection/measurement services of CT for industrial use.

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