Mk Seiko Co (TSE:5906) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)

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What is Mk Seiko Co Long-Term Capital Lease Obligation?

Mk Seiko Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil.

Mk Seiko Co's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (円482 Mil) to Mar. 2022 (円384 Mil) and declined from Mar. 2022 (円384 Mil) to Mar. 2023 (円322 Mil).

Mk Seiko Co Long-Term Capital Lease Obligation Historical Data

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

Mk Seiko Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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486.37

466.63

482.12

383.59

322.15

Mk Seiko Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	322.15	-	-	-

Mk Seiko Co (TSE:5906) 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.

Mk Seiko Co Long-Term Capital Lease Obligation Related Terms

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Mk Seiko Co (TSE:5906) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mk Seiko Co Ltd (TSE:5906) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1825, Amenomiya, Nagano-ken, Chikuma, JPN, 387 8603

Website

http://www.mkseiko.co.jp

Mk Seiko Co Ltd is a Japanese manufacturer and seller of automotive service equipment, information equipment and household equipment. In automotive service equipment, the company offers car washing machines, freon cleaning and charging machines and others. It offers information equipment like large screen televisions for outside and auditoriums, road information equipment and color display equipment for shops. The household products offered by the company are low-temperature farm product storage, bread makers and oil supply pumps.

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