Showa Shinku Co (TSE:6384) Long-Term Capital Lease Obligation : 円15 Mil (As of Sep. 2024)

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What is Showa Shinku Co Long-Term Capital Lease Obligation?

Showa Shinku Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円15 Mil.

Showa Shinku Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (円21 Mil) to Mar. 2024 (円19 Mil) and declined from Mar. 2024 (円19 Mil) to Sep. 2024 (円15 Mil).

Showa Shinku Co's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (円18 Mil) to Mar. 2023 (円10 Mil) but then increased from Mar. 2023 (円10 Mil) to Mar. 2024 (円19 Mil).

Showa Shinku Co Long-Term Capital Lease Obligation Historical Data

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

Showa Shinku Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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26.79

22.06

18.07

9.89

18.58

Showa Shinku Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16.26	14.26	21.07	18.58	14.96

Showa Shinku Co (TSE:6384) 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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Showa Shinku Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Showa Shinku Co Ltd (TSE:6384) » Definitions » Long-Term Capital Lease Obligation

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Address

3062-10 Tana, Chuo-ku, Sagamihara, Kanagawa, JPN, 252-0244

Website

http://www.showashinku.co.jp

Showa Shinku Co Ltd manufactures and sells vacuum equipment such as Vacuum evaporation equipment, Sputtering equipment, and others. The company's product profile includes Plasma cleaner, the Sputtering system, Multi-function type, Ultra-high Spec Vacuum Coater for Optical Multilayer, and others.

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