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Noritz (TSE:5943) Long-Term Capital Lease Obligation : 円0 Mil (As of Mar. 2024)


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What is Noritz Long-Term Capital Lease Obligation?

Noritz's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円0 Mil.


Noritz Long-Term Capital Lease Obligation Historical Data

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

Noritz Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Noritz Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Noritz  (TSE:5943) 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.

Noritz Long-Term Capital Lease Obligation Related Terms

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Noritz (TSE:5943) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Noritz Corp (TSE:5943) » Definitions » Long-Term Capital Lease Obligation
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Address
93 Edo-machi, Chuo-ku, Kobe, JPN, 650-0033
Noritz Corp is a Japanese company that develops and manufactures various heating and household appliances. The company operates across North America, Brazil, East Asia, Hong Kong, Oceania, and Europe. The firm's activities are divided between its Domestic Business and Overseas Business. These businesses are further segmented into a Heating Ventilation and Air Conditioning (HVAC) unit that includes water, gas, and hydronic heating systems; a Renewable Energies unit that includes solar heaters and photovoltaic power generation systems; a Housing Equipment unit that includes built-in bath and kitchen systems; and a Kitchen Appliances unit that includes gas cookers. Geographically, the majority of revenue is derived from the company's sales in Asia.

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