Shinpo Co (TSE:5903) Long-Term Capital Lease Obligation : 円33 Mil (As of Jun. 2024)

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What is Shinpo Co Long-Term Capital Lease Obligation?

Shinpo Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was 円33 Mil.

Shinpo Co's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2023 (円0 Mil) to Mar. 2024 (円0 Mil) but then increased from Mar. 2024 (円0 Mil) to Jun. 2024 (円33 Mil).

Shinpo Co's annual Long-Term Capital Lease Obligation increased from Jun. 2022 (円37 Mil) to Jun. 2023 (円42 Mil) but then declined from Jun. 2023 (円42 Mil) to Jun. 2024 (円33 Mil).

Shinpo Co Long-Term Capital Lease Obligation Historical Data

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

Shinpo Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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54.86

31.49

37.36

42.17

32.72

Shinpo Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															42.17	-	-	-	32.72

Shinpo Co (TSE:5903) 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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Shinpo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shinpo Co Ltd (TSE:5903) » Definitions » Long-Term Capital Lease Obligation

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Address

110 Wakabadai Meitou-ku, Aichi, Nagoya, JPN, 465 0015

Website

http://www.shinpo-en.com

Shinpo Co Ltd manufactures and distributes patented smokeless grills and related accessories. It offers ceramic charcoal roasters, radiant plate roasters and natural charcoal roasters, among others. It also offers installation and maintenance services.

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