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AAHIF (Asahi Co) Long-Term Capital Lease Obligation : $0.0 Mil (As of May. 2024)


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What is Asahi Co Long-Term Capital Lease Obligation?

Asahi Co's Long-Term Capital Lease Obligation for the quarter that ended in May. 2024 was $0.0 Mil.


Asahi Co Long-Term Capital Lease Obligation Historical Data

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

Asahi Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Long-Term Capital Lease Obligation
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Asahi Co Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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Asahi Co  (OTCPK:AAHIF) 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.

Asahi Co Long-Term Capital Lease Obligation Related Terms

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Asahi Co Business Description

Traded in Other Exchanges
Address
3-11-4 Takakura-cho, Miyakojima-ku, Osaka, JPN
Asahi Co Ltd is a Japan based company engages in the sale of bicycles, parts and accessories. It offers a range of bicycle products include ordinary bicycles, sports bicycles, children bicycles, electric bicycles and foldable bicycles.

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