Sysmex (Sysmex) Long-Term Capital Lease Obligation : $121 Mil (As of Mar. 2024)

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What is Sysmex Long-Term Capital Lease Obligation?

Sysmex's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $121 Mil.

Sysmex's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($119 Mil) to Dec. 2023 ($119 Mil) and increased from Dec. 2023 ($119 Mil) to Mar. 2024 ($121 Mil).

Sysmex's annual Long-Term Capital Lease Obligation declined from Mar. 2022 ($134 Mil) to Mar. 2023 ($116 Mil) but then increased from Mar. 2023 ($116 Mil) to Mar. 2024 ($121 Mil).

Sysmex Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sysmex'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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Sysmex Long-Term Capital Lease Obligation Chart

Sysmex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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157.29

148.83

133.58

115.53

120.68

Sysmex 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															115.53	123.02	118.70	119.40	120.68

Sysmex (OTCPK:SSMXF) 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.

Sysmex Long-Term Capital Lease Obligation Related Terms

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Sysmex (Sysmex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sysmex Corp (OTCPK:SSMXF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SSMXY:USA 6869:Japan 0YX0:Germany

Address

1-5-1 Wakinohara-Kaigandori, Chuo-ku, Hyogo Prefecture, Kobe, JPN, 6510073

Website

http://www.sysmex.co.jp

Sysmex Corp manufactures and distributes in vitro diagnostic instruments, reagents, and software. The vast majority of the firm's revenue comes from selling tests for human bodily fluids to hospitals and commercial laboratories. Within this industry, the firm specializes in hematology reagents and instruments. Sysmex also sells in vitro diagnostics for applications like urinalysis and hemostasis and provides support and maintenance services for its systems. Over half of the firm's revenue is generated by sales of reagents and services, which are recurring sources of income. Sysmex primarily sells its products to customers in Japan, Europe, the Middle East, and Africa, and the Americas.

Sysmex (Sysmex) Headlines

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