Altech Co (TSE:9972) Long-Term Capital Lease Obligation : 円392 Mil (As of Feb. 2024)

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What is Altech Co Long-Term Capital Lease Obligation?

Altech Co's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円392 Mil.

Altech Co's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 (円399 Mil) to Nov. 2023 (円440 Mil) but then declined from Nov. 2023 (円440 Mil) to Feb. 2024 (円392 Mil).

Altech Co's annual Long-Term Capital Lease Obligation increased from Nov. 2021 (円152 Mil) to Nov. 2022 (円409 Mil) and increased from Nov. 2022 (円409 Mil) to Nov. 2023 (円440 Mil).

Altech Co Long-Term Capital Lease Obligation Historical Data

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

Altech Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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161.95

185.21

152.12

409.44

439.86

Altech 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															353.16	426.07	398.81	439.86	391.77

Altech Co (TSE:9972) 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.

Altech Co Long-Term Capital Lease Obligation Related Terms

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Altech Co (TSE:9972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Altech Co Ltd (TSE:9972) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Sumitomo Irifune Bldg, 2nd Floor, 1-1 Irifune 2-chome, Chuo-ku, Tokyo, JPN, 104-0042

Website

http://www.altech.co.jp

Altech Co Ltd is engaged in purchase and sale of industrial machinery and equipments and related services, manufacture and sale of plastic molded products.The company has two reported segments Wholesale business and Preform business. Wholesale business purchases and sells industrial machinery and equipments and provides related services. Preform business manufactures and sells performs for PET bottles, plastic caps and provides related services.

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