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Mitani (TSE:8066) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)


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What is Mitani Long-Term Capital Lease Obligation?

Mitani's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil.


Mitani Long-Term Capital Lease Obligation Historical Data

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

Mitani Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
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Mitani Quarterly Data
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Mitani  (TSE:8066) 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.

Mitani Long-Term Capital Lease Obligation Related Terms

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Mitani (TSE:8066) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitani Corp (TSE:8066) » Definitions » Long-Term Capital Lease Obligation
Traded in Other Exchanges
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Address
1-6-5 Marunouchi, Tokyo Marunouchi North Exit Building, 2 Floor, Chiyoda-ku, Tokyo, JPN
Mitani Corp is in the businesses of Information systems, Construction, Energy and other businesses. The firm's information systems business comprises of system integration focusing on planning, developing, managing and supporting computer systems, networks, and software as well as the sale of related devices. Construction business develops, sells and manages construction materials. Its energy business sells oil, petrochemical products, coal and liquid petroleum gas. Other businesses of the firm include wind power, industrial equipment, storage facilities, lease services, restaurant management and senior lifestyle businesses.

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