Litalico (TSE:7366) Long-Term Capital Lease Obligation : 円1,636 Mil (As of Mar. 2024)

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What is Litalico Long-Term Capital Lease Obligation?

Litalico's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円1,636 Mil.

Litalico's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (円1,826 Mil) to Dec. 2023 (円1,718 Mil) and declined from Dec. 2023 (円1,718 Mil) to Mar. 2024 (円1,636 Mil).

Litalico's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2022 (円0 Mil) to Mar. 2023 (円0 Mil) but then increased from Mar. 2023 (円0 Mil) to Mar. 2024 (円1,636 Mil).

Litalico Long-Term Capital Lease Obligation Historical Data

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

Litalico Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

1,636.00

Litalico Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	1,879.00	1,826.00	1,718.00	1,636.00

Litalico (TSE:7366) 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.

Litalico Long-Term Capital Lease Obligation Related Terms

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Litalico (TSE:7366) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Litalico Inc (TSE:7366) » Definitions » Long-Term Capital Lease Obligation

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Address

2-1-1, Kamimeguro, Nakameguro GT Tower 15th,16th and 20th Floor, Meguro-k, Tokyo, JPN, 153-0051

Website

https://litalico.co.jp

Litalico Inc offers educational services such as employment support, early childhood classes and others.

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