Okamoto Glass Co (TSE:7746) Long-Term Capital Lease Obligation : 円57 Mil (As of Dec. 2023)

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What is Okamoto Glass Co Long-Term Capital Lease Obligation?

Okamoto Glass Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円57 Mil.

Okamoto Glass Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (円78 Mil) to Sep. 2023 (円73 Mil) and declined from Sep. 2023 (円73 Mil) to Dec. 2023 (円57 Mil).

Okamoto Glass Co's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (円219 Mil) to Mar. 2022 (円156 Mil) and declined from Mar. 2022 (円156 Mil) to Mar. 2023 (円84 Mil).

Okamoto Glass Co Long-Term Capital Lease Obligation Historical Data

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

Okamoto Glass Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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243.08

296.54

219.07

156.07

84.36

Okamoto Glass Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															93.90	84.36	78.40	72.79	56.99

Okamoto Glass Co (TSE:7746) 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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Okamoto Glass Co (TSE:7746) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Okamoto Glass Co Ltd (TSE:7746) » Definitions » Long-Term Capital Lease Obligation

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Address

380, Toyofuta, Kashiwa-shi, Chiba, JPN, 277 0872

Website

http://www.ogc-jp.com

Okamoto Glass Co Ltd is engaged in the manufacture and sale of new glass for optical devices and multilayer film deposition products. The products of the company include glass material, glass molded items, optical and functional coating, glass bulb, and glass frit.

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