NEC Networks & System Integration (NEC Networks & System Integration) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)

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What is NEC Networks & System Integration Long-Term Capital Lease Obligation?

NEC Networks & System Integration's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil.

NEC Networks & System Integration Long-Term Capital Lease Obligation Historical Data

The historical data trend for NEC Networks & System Integration'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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NEC Networks & System Integration Long-Term Capital Lease Obligation Chart

NEC Networks & System Integration Annual Data

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Long-Term Capital Lease Obligation

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NEC Networks & System Integration Quarterly Data
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NEC Networks & System Integration (OTCPK:NNSCF) 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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NEC Networks & System Integration (NEC Networks & System Integration) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » NEC Networks & System Integration Corp (OTCPK:NNSCF) » Definitions » Long-Term Capital Lease Obligation

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1973:Japan

Address

2-6-1 Koraku, Bunkyo-ku, Iidabashi First Tower, Tokyo, JPN, 112-8560

Website

http://www.nesic.co.jp

NEC Networks and System Integration Corp provides a variety of information technology, or IT, services. The company also sells IT products, which include servers, video conferencing systems, network systems, security systems, and software. The firm's range of services includes office space design, cloud computing, communication, networks, security, energy conservation, public IT infrastructure, and supporting services. More revenue comes from the sale of network-related products and services than any other IT product or service. The vast majority of revenue comes from Japan.