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Optoelectronics Co (TSE:6664) Long-Term Capital Lease Obligation : 円2 Mil (As of Feb. 2024)


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What is Optoelectronics Co Long-Term Capital Lease Obligation?

Optoelectronics Co's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円2 Mil.

Optoelectronics Co's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (円2 Mil) to Nov. 2023 (円2 Mil) and declined from Nov. 2023 (円2 Mil) to Feb. 2024 (円2 Mil).

Optoelectronics Co's annual Long-Term Capital Lease Obligation declined from Nov. 2021 (円6 Mil) to Nov. 2022 (円5 Mil) and declined from Nov. 2022 (円5 Mil) to Nov. 2023 (円2 Mil).


Optoelectronics Co Long-Term Capital Lease Obligation Historical Data

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

Optoelectronics Co Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.84 10.00 6.07 4.59 1.90

Optoelectronics Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.41 2.22 2.06 1.90 1.73

Optoelectronics Co  (TSE:6664) 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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Optoelectronics Co (TSE:6664) Business Description

Industry
Traded in Other Exchanges
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Address
Number 12-17, Tsukagoshi Tsukagoe, Saitama, JPN, 335-0002
Optoelectronics Co Ltd is engaged in developing, manufacturing, and selling automatic recognition devices in Japan, the United States, and Europe. The company offers modules, handy scanners, data collectors, handy terminals, smartphone handy terminals, desktop and stationary scanners, and electronic shelf label systems, as well as laser/CCD type barcode and imager scanners.

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