Mitsui Mining and Smelting Co (Mitsui Mining and Smelting Co) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is Mitsui Mining and Smelting Co Long-Term Capital Lease Obligation?

Mitsui Mining and Smelting Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

Mitsui Mining and Smelting Co's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($16 Mil) to Mar. 2022 ($12 Mil) and declined from Mar. 2022 ($12 Mil) to Mar. 2023 ($12 Mil).

Mitsui Mining and Smelting Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mitsui Mining and Smelting 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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Mitsui Mining and Smelting Co Long-Term Capital Lease Obligation Chart

Mitsui Mining and Smelting Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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9.22

24.63

16.47

12.41

11.75

Mitsui Mining and Smelting 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															-	11.75	-	-	-

Mitsui Mining and Smelting Co (OTCPK:MMSMY) 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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Mitsui Mining and Smelting Co (Mitsui Mining and Smelting Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitsui Mining and Smelting Co Ltd (OTCPK:MMSMY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

5706:Japan MMG:Germany

Address

1-11-1 Osaki, Gate City Ohsaki, West Tower, 19th Floor, Shingagawa-ku, Tokyo, JPN, 141-8584

Website

http://www.mitsui-kinzoku.co.jp

Mitsui Mining and Smelting Co Ltd (Mitsui Kinzoku) is a Japanese company which primarily supplies and produces metals for manufacturers of both automobiles and telecommunications devices. The company is split across four segments: Engineered Materials, within which Mitsui Kinzoku supplies catalytic converters, battery materials, and copper foil used in microelectronics; Metals, which involves mining, smelting, and recycling copper and zinc; Automotive Parts and Components, which principally manufactures door-related automotive parts; and Affiliates Coordination, which includes perlite, die-casting, and engineering projects. Whilst Mitsui Kinzoku derives the majority of revenue domestically, the company operates in several overseas markets, notably the United States and mainland Asia.

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