RECOMM Co (TSE:3323) Long-Term Capital Lease Obligation : 円302 Mil (As of Mar. 2024)

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What is RECOMM Co Long-Term Capital Lease Obligation?

RECOMM Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円302 Mil.

RECOMM Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (円137 Mil) to Dec. 2023 (円254 Mil) and increased from Dec. 2023 (円254 Mil) to Mar. 2024 (円302 Mil).

RECOMM Co's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (円197 Mil) to Sep. 2022 (円160 Mil) and declined from Sep. 2022 (円160 Mil) to Sep. 2023 (円137 Mil).

RECOMM Co Long-Term Capital Lease Obligation Historical Data

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

RECOMM Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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400.27

322.94

197.23

159.94

137.41

RECOMM 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															147.78	140.18	137.41	253.62	302.01

RECOMM Co (TSE:3323) 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.

RECOMM Co Long-Term Capital Lease Obligation Related Terms

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RECOMM Co (TSE:3323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » RECOMM Co Ltd (TSE:3323) » Definitions » Long-Term Capital Lease Obligation

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Address

Ichigaya Building No. 6, 7th floor Kudankita four-chome, Chiyoda-ku, Tokyo, JPN

Website

http://www.recomm.co.jp

RECOMM Co Ltd is engaged in the sale of business phones, digital multifunction machines, network products, LED lighting, and other eco products. The company is also involved in the sales of mobile terminals and maintenance services.

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