Cosel Co (TSE:6905) Long-Term Capital Lease Obligation : 円232 Mil (As of Feb. 2024)

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What is Cosel Co Long-Term Capital Lease Obligation?

Cosel Co's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円232 Mil.

Cosel Co's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (円221 Mil) to Nov. 2023 (円213 Mil) but then increased from Nov. 2023 (円213 Mil) to Feb. 2024 (円232 Mil).

Cosel Co's annual Long-Term Capital Lease Obligation increased from May. 2021 (円53 Mil) to May. 2022 (円281 Mil) but then declined from May. 2022 (円281 Mil) to May. 2023 (円221 Mil).

Cosel Co Long-Term Capital Lease Obligation Historical Data

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

Cosel Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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85.96

53.20

281.10

220.62

Cosel 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															229.56	220.62	220.87	213.15	232.15

Cosel Co (TSE:6905) 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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Cosel Co (TSE:6905) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cosel Co Ltd (TSE:6905) » Definitions » Long-Term Capital Lease Obligation

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Address

1-6-43 Kamiakae-machi, Toyama, JPN, 930-0816

Website

http://www.cosel.co.jp

Cosel Co., Ltd. is engaged in power supply manufacturing AC-DC power supplies, DC-DC converters, and noise filters. The company's product profile includes Multi Slots, DIN rail, Single substrate, Bus converter/power module, Linear, and others.

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