Fit Easy (TSE:212A) Long-Term Capital Lease Obligation : 円77 Mil (As of Oct. 2024)

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What is Fit Easy Long-Term Capital Lease Obligation?

Fit Easy's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2024 was 円77 Mil.

Fit Easy's quarterly Long-Term Capital Lease Obligation declined from Oct. 2023 (円113 Mil) to Apr. 2024 (円0 Mil) but then increased from Apr. 2024 (円0 Mil) to Oct. 2024 (円77 Mil).

Fit Easy's annual Long-Term Capital Lease Obligation increased from Oct. 2022 (円111 Mil) to Oct. 2023 (円113 Mil) but then declined from Oct. 2023 (円113 Mil) to Oct. 2024 (円77 Mil).

Fit Easy Long-Term Capital Lease Obligation Historical Data

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

Fit Easy Annual Data

Trend

Oct22

Oct23

Oct24

Long-Term Capital Lease Obligation

111.49

113.24

77.10

Fit Easy Semi-Annual Data
	Oct22	Oct23	Apr24	Oct24
Long-Term Capital Lease Obligation	111.49	113.24	-	77.10

Fit Easy (TSE:212A) 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.

Fit Easy Long-Term Capital Lease Obligation Related Terms

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Fit Easy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fit Easy Inc (TSE:212A) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

3-2-1 Honmachi, Gifu Prefecture, Gifu, JPN, 500-8034

Website

https://www.fiteasy.co.jp

Fit Easy Inc is engaged in the Management and operation of Amusement Fitness Club.

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