Marutongyo Co (FSE:7894) Long-Term Capital Lease Obligation : 円163 Mil (As of Feb. 2024)

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What is Marutongyo Co Long-Term Capital Lease Obligation?

Marutongyo Co's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円163 Mil.

Marutongyo Co's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (円23 Mil) to Nov. 2023 (円19 Mil) but then increased from Nov. 2023 (円19 Mil) to Feb. 2024 (円163 Mil).

Marutongyo Co's annual Long-Term Capital Lease Obligation declined from Feb. 2022 (円46 Mil) to Feb. 2023 (円31 Mil) but then increased from Feb. 2023 (円31 Mil) to Feb. 2024 (円163 Mil).

Marutongyo Co Long-Term Capital Lease Obligation Historical Data

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

Marutongyo Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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72.64

59.60

45.60

30.56

163.42

Marutongyo Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															30.56	26.63	22.62	18.55	163.42

Marutongyo Co (FSE:7894) 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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Marutongyo Co (FSE:7894) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Maruto Sangyo Co Ltd (FSE:7894) » Definitions » Long-Term Capital Lease Obligation

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Address

892-1 Hikata, Ogori, Fukuoka, JPN, 838-0112

Website

https://www.marutosangyo.co.jp

Maruto Sangyo Co Ltd produces and sells laminated films and paper products for the packaging companies in Japan. It is also engaged in photogravure printing and bag-making, photogravure cylinder making, sales of paper packaging, packing paper, and label stickers, plastic molding products, and packing materials. It also sells packaging machinery and industrial machinery, agricultural-related materials, and horticultural equipment.

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