Shinko (TSE:7120) Long-Term Capital Lease Obligation : 円0 Mil (As of Sep. 2024)

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What is Shinko Long-Term Capital Lease Obligation?

Shinko's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円0 Mil.

Shinko's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (円0 Mil) to Mar. 2024 (円40 Mil) but then declined from Mar. 2024 (円40 Mil) to Sep. 2024 (円0 Mil).

Shinko's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (円23 Mil) to Mar. 2023 (円33 Mil) and increased from Mar. 2023 (円33 Mil) to Mar. 2024 (円40 Mil).

Shinko Long-Term Capital Lease Obligation Historical Data

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

Shinko Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

24.84

22.86

32.74

39.87

Shinko Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	-	-	39.87	-

Shinko (TSE:7120) 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.

Shinko Long-Term Capital Lease Obligation Related Terms

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Shinko Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shinko Inc (TSE:7120) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

8F CS Tower, 5-20-8 Asakusabashi, Taito-ku, Tokyo, JPN, 111-0053

Website

https://www.kk-shinko.com

Shinko Inc is engaged in providing maintenance services for IT equipment and Staffing services. The company's services and products include; Maintenance services, human resource services, Introduction design and installation development services, and Network security-related products. The Maintenance services include Onsite maintenance service, Help desk service, Remote monitoring service, and call center service. The human resource services include an Engineer dispatch service and a Business contract. The Introduction design and installation development services include Network design and construction, Wireless environment construction, and Communication system construction.

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