Riken Technos (TSE:4220) Long-Term Capital Lease Obligation : 円50 Mil (As of Sep. 2024)

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What is Riken Technos Long-Term Capital Lease Obligation?

Riken Technos's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円50 Mil.

Riken Technos's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (円50 Mil) to Mar. 2024 (円33 Mil) but then increased from Mar. 2024 (円33 Mil) to Sep. 2024 (円50 Mil).

Riken Technos's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (円21 Mil) to Mar. 2023 (円31 Mil) and increased from Mar. 2023 (円31 Mil) to Mar. 2024 (円33 Mil).

Riken Technos Long-Term Capital Lease Obligation Historical Data

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

Riken Technos Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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18.53

26.36

20.77

30.64

32.94

Riken Technos Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															31.70	33.91	49.54	32.94	50.32

Riken Technos (TSE:4220) 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.

Riken Technos Long-Term Capital Lease Obligation Related Terms

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Riken Technos Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Riken Technos Corp (TSE:4220) » Definitions » Long-Term Capital Lease Obligation

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Address

2-101, Kanda-Awajicho, Waterras Tower, Chiyoda-ku, Tokyo, JPN, 101-8336

Website

http://www.rikentechnos.co.jp

Riken Technos Corp engages in the production and sale of synthetic resin products. Its operations are carried out through the following businesses: Compound, Film, Food Wrapping, and Others. The compound unit deals with synthetic resin mixtures in the form of pellets as primary materials for plastic molded products. The Film business handles synthetic resin processed into films. The Food Wrapping business manages thin synthetic resin films for food packaging use.

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