Polaris Holdings Co (TSE:3010) Long-Term Capital Lease Obligation : 円3,023 Mil (As of Dec. 2023)

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What is Polaris Holdings Co Long-Term Capital Lease Obligation?

Polaris Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,023 Mil.

Polaris Holdings Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (円3,139 Mil) to Sep. 2023 (円2,529 Mil) but then increased from Sep. 2023 (円2,529 Mil) to Dec. 2023 (円3,023 Mil).

Polaris Holdings Co's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (円148 Mil) to Mar. 2023 (円3,177 Mil) but then declined from Mar. 2023 (円3,177 Mil) to Mar. 2024 (円2,925 Mil).

Polaris Holdings Co Long-Term Capital Lease Obligation Historical Data

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

Polaris Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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187.23

168.92

148.09

3,176.67

2,925.28

Polaris Holdings 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															3,176.67	3,138.75	2,528.84	3,023.21	2,925.28

Polaris Holdings Co (TSE:3010) 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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Polaris Holdings Co (TSE:3010) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Polaris Holdings Co Ltd (TSE:3010) » Definitions » Long-Term Capital Lease Obligation

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Address

1-12-3 Iwamoto-cho, Yamazaki Kyodo Building, Chiyoda-ku, Tokyo, JPN, 101-0032

Website

https://www.polaris-holdings.com

Polaris Holdings Co Ltd is a Japan-based company. It has two business segments. The Real Estate segment is involved in the leasing, buying, selling, and development of real estate; The Hotel segment deals with hotel management, consulting, and franchising. Some of its hotels include Best Western Hotels, Value The Hotel, Kinuura Grand Hotel, and KOKO Hotels.

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