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Current Motor (TSE:7690) Long-Term Capital Lease Obligation : 円0 Mil (As of Apr. 2024)


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What is Current Motor Long-Term Capital Lease Obligation?

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


Current Motor Long-Term Capital Lease Obligation Historical Data

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

Current Motor Annual Data
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Current Motor Semi-Annual Data
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Current Motor  (TSE:7690) 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.

Current Motor Long-Term Capital Lease Obligation Related Terms

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Current Motor (TSE:7690) Business Description

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Traded in Other Exchanges
N/A
Address
4-1-19 Utsukushigaoka, Aoba-ku, Kanagawa Prefecture, Yokohama-Shi, JPN, 225-0002
Current Motor Corp is engaged in sale and purchase of various car models. The company also provides repair and maintenance business and provide specialized parts for imported cars.

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