Ray (TSE:4317) Long-Term Capital Lease Obligation : 円153 Mil (As of Nov. 2023)

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What is Ray Long-Term Capital Lease Obligation?

Ray's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円153 Mil.

Ray's quarterly Long-Term Capital Lease Obligation declined from May. 2023 (円143 Mil) to Aug. 2023 (円123 Mil) but then increased from Aug. 2023 (円123 Mil) to Nov. 2023 (円153 Mil).

Ray's annual Long-Term Capital Lease Obligation declined from Feb. 2021 (円344 Mil) to Feb. 2022 (円251 Mil) and declined from Feb. 2022 (円251 Mil) to Feb. 2023 (円167 Mil).

Ray Long-Term Capital Lease Obligation Historical Data

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

Ray Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

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470.42

317.56

343.70

250.89

166.65

Ray Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															192.25	166.65	142.54	123.20	152.52

Ray (TSE:4317) 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.

Ray Long-Term Capital Lease Obligation Related Terms

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Ray (TSE:4317) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ray Corp (TSE:4317) » Definitions » Long-Term Capital Lease Obligation

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Address

6-15-21 Roppongi, Hakus Roppongi Building, Minato-ku, Tokyo, JPN, 106-0032

Website

http://www.ray.co.jp

Ray Corp is engaged in communication design, events, creative design, and show and visual technical businesses in Japan. It is involved in the planning and production of various promotions, events, exhibitions, expositions, showrooms, printed materials, designs, premium products, and digital promotion of the Web. The company is also engaged in the rental and operation of large video equipment in the MICE and concerts.; live broadcasting, shooting, and network distribution activities; and video equipment sale and operational support to showrooms, hotel and conference facilities among other services.

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