Mitsui High-tec (TSE:6966) Long-Term Capital Lease Obligation : 円145 Mil (As of Jan. 2024)

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What is Mitsui High-tec Long-Term Capital Lease Obligation?

Mitsui High-tec's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円145 Mil.

Mitsui High-tec's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 (円93 Mil) to Oct. 2023 (円89 Mil) but then increased from Oct. 2023 (円89 Mil) to Jan. 2024 (円145 Mil).

Mitsui High-tec's annual Long-Term Capital Lease Obligation declined from Jan. 2022 (円118 Mil) to Jan. 2023 (円104 Mil) but then increased from Jan. 2023 (円104 Mil) to Jan. 2024 (円145 Mil).

Mitsui High-tec Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mitsui High-tec'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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Mitsui High-tec Long-Term Capital Lease Obligation Chart

Mitsui High-tec Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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150.00

127.00

118.00

104.00

145.00

Mitsui High-tec Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															104.00	97.00	93.00	89.00	145.00

Mitsui High-tec (TSE:6966) 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.

Mitsui High-tec Long-Term Capital Lease Obligation Related Terms

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Mitsui High-tec (TSE:6966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Mitsui High-tec Inc (TSE:6966) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

6966:Japan

Address

2-10-1,Komine, Yahatanishi-ku, Kitakyushu, JPN, 807-8588

Website

http://www.mitsui-high-tec.com

Mitsui High-tec Inc manufactures and sells lead frame, motor core, precision tooling and machine tools in Japan. Its precision tooling/precision parts products include motor core dies, lead frame dies, mold dies, trim and form dies, and other type of stamping tools used in motor cores and IC lead frames, electric motor cores, automobile components, coins, and resin injection molding. It also provides open lead frames for semiconductor packages; and motor parts.

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