Kohnan Shoji Co (TSE:7516) Long-Term Capital Lease Obligation : 円21,816 Mil (As of Feb. 2024)

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What is Kohnan Shoji Co Long-Term Capital Lease Obligation?

Kohnan Shoji Co's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円21,816 Mil.

Kohnan Shoji Co's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (円22,929 Mil) to Nov. 2023 (円22,419 Mil) and declined from Nov. 2023 (円22,419 Mil) to Feb. 2024 (円21,816 Mil).

Kohnan Shoji Co's annual Long-Term Capital Lease Obligation declined from Feb. 2022 (円22,651 Mil) to Feb. 2023 (円21,197 Mil) but then increased from Feb. 2023 (円21,197 Mil) to Feb. 2024 (円21,816 Mil).

Kohnan Shoji Co Long-Term Capital Lease Obligation Historical Data

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

Kohnan Shoji Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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24,998.00

26,154.00

22,651.00

21,197.00

21,816.00

Kohnan Shoji 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															21,197.00	23,032.00	22,929.00	22,419.00	21,816.00

Kohnan Shoji Co (TSE:7516) 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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Kohnan Shoji Co (TSE:7516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kohnan Shoji Co Ltd (TSE:7516) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2-2-17 Nishimiyahara, Yodogawa-ku, Osaka, JPN, 532-0004

Website

http://www.hc-kohnan.com

Kohnan Shoji Co Ltd is a Japan-based company that is principally engaged in retail of products related to home improvement, housekeeping, and automotive supplies and accessories. The company operates through three store chains with different styles: Home Center, mainly offering DIY products and household goods to improve consumers' home and life; Homestock, a small-format version of Home Center with original brands EDLP and Lifelex; and Kohnan Pro, providing tools, building materials, and working equipment for professionals. Most of the company's stores are Home Center stores.

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