Port (TSE:7047) Long-Term Capital Lease Obligation : 円639 Mil (As of Mar. 2024)

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What is Port Long-Term Capital Lease Obligation?

Port's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円639 Mil.

Port's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (円795 Mil) to Dec. 2023 (円741 Mil) and declined from Dec. 2023 (円741 Mil) to Mar. 2024 (円639 Mil).

Port's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (円231 Mil) to Mar. 2023 (円559 Mil) and increased from Mar. 2023 (円559 Mil) to Mar. 2024 (円639 Mil).

Port Long-Term Capital Lease Obligation Historical Data

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

Port Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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352.00

331.00

231.00

559.00

639.00

Port 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															559.00	513.00	795.00	741.00	639.00

Port (TSE:7047) 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.

Port Long-Term Capital Lease Obligation Related Terms

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Port (TSE:7047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Port Inc (TSE:7047) » Definitions » Long-Term Capital Lease Obligation

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Address

Sumitomo Real Estate Shinjuku Grand Tower, 12F Nagashinjuku Shinjuku-ku, Tokyo, JPN, 160-0023

Website

https://www.theport.jp

Port Inc is involved in the internet media business. It is developing technology in the three social task areas of career (employment), finance (finance) and medical (medical). The objective of the group is to solve the social issues with technologies.

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