CTI Engineering Co (TSE:9621) Long-Term Capital Lease Obligation : 円1,137 Mil (As of Dec. 2024)

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What is CTI Engineering Co Long-Term Capital Lease Obligation?

CTI Engineering Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was 円1,137 Mil.

CTI Engineering Co's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2024 (円0 Mil) to Jun. 2024 (円0 Mil) but then increased from Jun. 2024 (円0 Mil) to Dec. 2024 (円1,137 Mil).

CTI Engineering Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (円960 Mil) to Dec. 2023 (円887 Mil) but then increased from Dec. 2023 (円887 Mil) to Dec. 2024 (円1,137 Mil).

CTI Engineering Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for CTI Engineering 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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CTI Engineering Co Long-Term Capital Lease Obligation Chart

CTI Engineering Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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1,189.00

1,113.00

960.00

887.00

1,137.00

CTI Engineering Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	887.00	-	-	1,137.00

CTI Engineering Co (TSE:9621) 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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CTI Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CTI Engineering Co Ltd (TSE:9621) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

3-21-1 Nihonbashi Hama-cho, Chuo-ku, Tokyo, JPN, 103-8430

Website

http://www.ctie.co.jp

CTI Engineering Co Ltd is a Japan-based company engaged in providing services for domestic infrastructure projects, including power generation, geotechnical services, underground construction, river and coastal planning engineering, and road bridge and tunnel construction.

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