Toho Titanium Co (Toho Titanium Co) Long-Term Capital Lease Obligation : $10.1 Mil (As of Dec. 2023)

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What is Toho Titanium Co Long-Term Capital Lease Obligation?

Toho Titanium Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.1 Mil.

Toho Titanium Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($11.0 Mil) to Sep. 2023 ($10.2 Mil) and declined from Sep. 2023 ($10.2 Mil) to Dec. 2023 ($10.1 Mil).

Toho Titanium Co's annual Long-Term Capital Lease Obligation declined from Mar. 2022 ($15.3 Mil) to Mar. 2023 ($12.1 Mil) and declined from Mar. 2023 ($12.1 Mil) to Mar. 2024 ($9.4 Mil).

Toho Titanium Co Long-Term Capital Lease Obligation Historical Data

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

Toho Titanium Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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25.52

20.94

15.31

12.06

9.35

Toho Titanium Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															12.06	11.04	10.20	10.09	9.35

Toho Titanium Co (OTCPK:TTNNF) 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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Toho Titanium Co (Toho Titanium Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Toho Titanium Co Ltd (OTCPK:TTNNF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

5727:Japan 40A:Germany

Address

3-3-5,Chigasaki, Chigasaki City, Kanagawa, JPN, 2538510

Website

http://www.toho-titanium.co.jp

Toho Titanium Co Ltd is a company which focuses on titanium products. Through its titanium business, the company manufactures titanium ingots, titanium sponge, high-purity titanium, and fabricated titanium products. Products are sold across several industries, mostly for aerospace and electronic materials production. Materials gained in the titanium production process are utilised to create catalysts, titanium dioxide for electronic materials, and nickel powder for capacitors. These products form the catalysts and chemicals business, and the output is largely sold to petrochemical companies and businesses manufacturing electronic materials.

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