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Secure (TSE:4264) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)


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What is Secure Long-Term Capital Lease Obligation?

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

Secure's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (円1 Mil) to Sep. 2023 (円1 Mil) and declined from Sep. 2023 (円1 Mil) to Dec. 2023 (円0 Mil).

Secure's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (円15 Mil) to Dec. 2022 (円5 Mil) and declined from Dec. 2022 (円5 Mil) to Dec. 2023 (円0 Mil).


Secure Long-Term Capital Lease Obligation Historical Data

The historical data trend for Secure'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.

* Premium members only.

Secure Long-Term Capital Lease Obligation Chart

Secure Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
23.80 14.61 5.49 0.48

Secure Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 5.49 3.22 0.96 0.72 0.48

Secure  (TSE:4264) 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.

Secure Long-Term Capital Lease Obligation Related Terms

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Secure (TSE:4264) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2-6-1 Nishishinjuku, 20F Shinjuku-Sumitomo Building, Shinjuku-ku, Tokyo, JPN, 163-0220
Secure Inc provides access control and surveillance camera systems for corporate service.

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