Art Vivant Co (Art Vivant Co) Long-Term Capital Lease Obligation : 円4.23 Mil (As of Dec. 2023)

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What is Art Vivant Co Long-Term Capital Lease Obligation?

Art Vivant Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4.23 Mil.

Art Vivant Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (円10.91 Mil) to Sep. 2023 (円6.99 Mil) and declined from Sep. 2023 (円6.99 Mil) to Dec. 2023 (円4.23 Mil).

Art Vivant Co's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (円239.66 Mil) to Mar. 2022 (円116.58 Mil) and declined from Mar. 2022 (円116.58 Mil) to Mar. 2023 (円14.81 Mil).

Art Vivant Co Long-Term Capital Lease Obligation Historical Data

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

Art Vivant Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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489.37

395.00

239.66

116.58

14.81

Art Vivant 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															18.67	14.81	10.91	6.99	4.23

Art Vivant Co (OTCPK:AVVFF) 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.

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Art Vivant Co (Art Vivant Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Art Vivant Co Ltd (OTCPK:AVVFF) » Definitions » Long-Term Capital Lease Obligation

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7523:Japan

Address

4-13-14, Higashi-Shinagawa, 13th Floor, Glass Cube, Tokyo, JPN, 140-0002

Website

https://www.artvivant.net

Art Vivant Co Ltd is a Japan-based company engaged in operating art galleries. It is involved in selling mainly contemporary art printings and selection of popular artists at stores and exhibitions. The company offered products include paintings such as prints, oil paintings, watercolor, arts and crafts, and sculptures, among other products.