TEAC (TSE:6803) Long-Term Capital Lease Obligation : 円849 Mil (As of Dec. 2023)

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What is TEAC Long-Term Capital Lease Obligation?

TEAC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円849 Mil.

TEAC's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (円790 Mil) to Sep. 2023 (円913 Mil) but then declined from Sep. 2023 (円913 Mil) to Dec. 2023 (円849 Mil).

TEAC's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (円337 Mil) to Mar. 2022 (円68 Mil) but then increased from Mar. 2022 (円68 Mil) to Mar. 2023 (円685 Mil).

TEAC Long-Term Capital Lease Obligation Historical Data

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

TEAC Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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520.00

337.00

68.00

685.00

TEAC 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															870.00	685.00	790.00	913.00	849.00

TEAC (TSE:6803) 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.

TEAC Long-Term Capital Lease Obligation Related Terms

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TEAC (TSE:6803) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TEAC Corp (TSE:6803) » Definitions » Long-Term Capital Lease Obligation

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Address

47 Ochiai 1-chome, Tama-shi, Tokyo, JPN, 206-8530

Website

http://www.teac.co.jp

TEAC Corp is a Japanese based electronic company. It is engaged in manufacturing and sale of audio and information equipment. It operates in two business divisions including Audio products business and Information products business. Its Audio products business offers high-end audio products, general audio products, audio equipment for, music production and professional audio products. Information products business offers recording and reproducing equipment for aircraft, medical image recording and reproducing products, supporting systems for individual nursing care, measurement products (transducers, data recorders), and optical drives for the industrial market.

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