Harmonic Drive Systems (TSE:6324) Long-Term Capital Lease Obligation : 円4,760 Mil (As of Dec. 2023)

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What is Harmonic Drive Systems Long-Term Capital Lease Obligation?

Harmonic Drive Systems's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,760 Mil.

Harmonic Drive Systems's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (円3,775 Mil) to Sep. 2023 (円3,833 Mil) and increased from Sep. 2023 (円3,833 Mil) to Dec. 2023 (円4,760 Mil).

Harmonic Drive Systems's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (円2,869 Mil) to Mar. 2022 (円3,548 Mil) and increased from Mar. 2022 (円3,548 Mil) to Mar. 2023 (円3,837 Mil).

Harmonic Drive Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Harmonic Drive Systems'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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Harmonic Drive Systems Long-Term Capital Lease Obligation Chart

Harmonic Drive Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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154.80

3,003.64

2,868.73

3,548.47

3,836.60

Harmonic Drive Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3,979.66	3,836.60	3,775.08	3,833.38	4,759.84

Harmonic Drive Systems (TSE:6324) 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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Harmonic Drive Systems (TSE:6324) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harmonic Drive Systems Inc (TSE:6324) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HSYDF:USA K3R:Germany K3R:Germany

Address

6-25-3 Minami-Oi, Shinagawa-ku, Tokyo, JPN, 140-0013

Website

http://www.hds.co.jp

Harmonic Drive Systems manufactures and sells high-precision reduction gears (speed reducers) under the Harmonic Drive brand as well as other mechatronics products such as rotary actuators, linear actuators, and AC servo motors. The company also provides planetary-gear speed reducers under the AccuDrive and Harmonic Planetary brands. Its products are used in industrial robots, semiconductor production equipment, and other high-precision equipment. HDS was founded in 1970 and is headquartered in Tokyo.

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