JASTEC Co (TSE:9717) Long-Term Capital Lease Obligation : 円100 Mil (As of Feb. 2024)

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What is JASTEC Co Long-Term Capital Lease Obligation?

JASTEC Co's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円100 Mil.

JASTEC Co's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (円108 Mil) to Nov. 2023 (円99 Mil) but then increased from Nov. 2023 (円99 Mil) to Feb. 2024 (円100 Mil).

JASTEC Co's annual Long-Term Capital Lease Obligation declined from Nov. 2021 (円134 Mil) to Nov. 2022 (円126 Mil) and declined from Nov. 2022 (円126 Mil) to Nov. 2023 (円99 Mil).

JASTEC Co Long-Term Capital Lease Obligation Historical Data

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

JASTEC Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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123.53

157.50

133.80

125.97

99.16

JASTEC 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															117.85	112.73	108.40	99.16	100.45

JASTEC Co (TSE:9717) 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.

JASTEC Co Long-Term Capital Lease Obligation Related Terms

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JASTEC Co (TSE:9717) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » JASTEC Co Ltd (TSE:9717) » Definitions » Long-Term Capital Lease Obligation

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JASTF:USA

Address

3-5-23, Takanawa, Minato-ku, Tokyo, JPN, 108-0074

Website

http://www.jastec.co.jp

JASTEC Co Ltd is a Japanese based company engages in the development and sales of software technology. It provides system integration and software development services including planning, proposal, requirement definition, development and building, and operation.

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