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SMC (TSE:6273) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)


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What is SMC Long-Term Capital Lease Obligation?

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


SMC Long-Term Capital Lease Obligation Historical Data

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

SMC Annual Data
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Long-Term Capital Lease Obligation
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SMC Quarterly Data
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SMC  (TSE:6273) 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.

SMC Long-Term Capital Lease Obligation Related Terms

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SMC (TSE:6273) Business Description

Industry
Traded in Other Exchanges
Address
4-14-1, Soto-Kanda, Chiyoda-ku, Tokyo, JPN, 101-0021
SMC Corp (domiciled in Japan) manufactures automatic control and filtration equipment. Its filters, valves, cylinders, and actuators are sold to customers in various industrial markets, and contribute to automated operations. The company has two reportable business segments: automatic control equipment (majority of total revenues), and others. SMC operates several production facilities, sales offices, and technical development centers to construct various components and streamline the process. Asia accounts for majority of total sales, but the company does utilize offices in the United States, Europe, and other regions of the world. It works to meet the rules and needs of foreign countries to ensure its products can be accepted in differentiated markets.

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