Placo Co (TSE:6347) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)

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What is Placo Co Long-Term Capital Lease Obligation?

Placo Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil.

Placo Co's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (円48 Mil) to Mar. 2022 (円32 Mil) and declined from Mar. 2022 (円32 Mil) to Mar. 2023 (円31 Mil).

Placo Co Long-Term Capital Lease Obligation Historical Data

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

Placo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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81.74

67.17

48.33

31.74

30.69

Placo Co 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															-	30.69	-	-	-

Placo Co (TSE:6347) 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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Placo Co (TSE:6347) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Placo Co Ltd (TSE:6347) » Definitions » Long-Term Capital Lease Obligation

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Address

550 Sasakubo Shinda, Iwatsuki-ku, Saitama prefecture, Saitama, JPN, 339 8558

Website

http://www.placo.co.jp

Placo Co Ltd is a Japanese manufacturer of the plastic processing machine and recycling equipment. It offers products such as blown film forming machine, blow molding machine, recycling machine, labor-saving equipment, and environment-related equipment, among others.

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