Johnson Electric Holdings (Johnson Electric Holdings) Long-Term Capital Lease Obligation : $55 Mil (As of Mar. 2024)

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What is Johnson Electric Holdings Long-Term Capital Lease Obligation?

Johnson Electric Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $55 Mil.

Johnson Electric Holdings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($66 Mil) to Sep. 2023 ($57 Mil) and declined from Sep. 2023 ($57 Mil) to Mar. 2024 ($55 Mil).

Johnson Electric Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2022 ($95 Mil) to Mar. 2023 ($66 Mil) and declined from Mar. 2023 ($66 Mil) to Mar. 2024 ($55 Mil).

Johnson Electric Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Johnson Electric Holdings'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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Johnson Electric Holdings Long-Term Capital Lease Obligation Chart

Johnson Electric Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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38.20

32.98

95.29

65.73

54.99

Johnson Electric Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															95.29	69.06	65.73	57.26	54.99

Johnson Electric Holdings (OTCPK:JEHLY) 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.

Johnson Electric Holdings Long-Term Capital Lease Obligation Related Terms

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Johnson Electric Holdings (Johnson Electric Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Johnson Electric Holdings Ltd (OTCPK:JEHLY) » Definitions » Long-Term Capital Lease Obligation

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JELCF:USA 00179:Hong Kong JOHB:Germany

Address

6th Floor, 12 Science Park East Avenue, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

https://www.johnsonelectric.com

Johnson Electric Holdings Ltd, along with its subsidiaries, is engaged in the manufacturing and selling of electro-mechanical motion systems and solutions. The company is organized into two business units: Automotive Products Group and Industry Products Group of which Automotive Products Group contributes the vast majority of its total revenue. Its automotive products include cooling fans, electric power steering motors, headlamp actuators, transmission and driveline actuators. Its industry segment offers medical devices, circuit breakers, power tools, industrial and laboratory equipment, building automation, and optronics. The company operates in Hong Kong, Switzerland, Canada, Serbia, and Others.

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