Nojima Co (Nojima Co) Long-Term Capital Lease Obligation : $112 Mil (As of Dec. 2023)

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What is Nojima Co Long-Term Capital Lease Obligation?

Nojima Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $112 Mil.

Nojima Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($111 Mil) to Sep. 2023 ($106 Mil) but then increased from Sep. 2023 ($106 Mil) to Dec. 2023 ($112 Mil).

Nojima Co's annual Long-Term Capital Lease Obligation declined from Mar. 2022 ($127 Mil) to Mar. 2023 ($116 Mil) and declined from Mar. 2023 ($116 Mil) to Mar. 2024 ($105 Mil).

Nojima Co Long-Term Capital Lease Obligation Historical Data

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

Nojima Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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59.79

118.21

127.43

116.17

104.89

Nojima Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															116.17	110.64	105.90	111.68	104.89

Nojima Co (OTCPK:NJMLF) 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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Nojima Co (Nojima Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nojima Co Ltd (OTCPK:NJMLF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

7419:Japan

Address

2-3-3 Minatomirai, 26th Floor Queens Tower B, Nishi-ku, Kanagawa, Yokohama, JPN, 045-228-3546

Website

http://www.nojima.co.jp

Nojima Co Ltd is a Japanese company which is engaged in manufacturing and sale of digital audio and visual (AV)-related equipment, information technology (IT)-related equipment and electric appliances. It products are televisions, audio equipment, portable music players, blue recorders, personal computers, software, printers, digital cameras and other peripheral products.

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