Higashimaru Co (FSE:2058) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)

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What is Higashimaru Co Long-Term Capital Lease Obligation?

Higashimaru Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil.

Higashimaru Co's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (円0 Mil) to Mar. 2022 (円53 Mil) and increased from Mar. 2022 (円53 Mil) to Mar. 2023 (円998 Mil).

Higashimaru Co Long-Term Capital Lease Obligation Historical Data

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

Higashimaru Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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53.00

998.00

Higashimaru Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	998.00	-	-	-

Higashimaru Co (FSE:2058) 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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Higashimaru Co (FSE:2058) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Higashimaru Co Ltd (FSE:2058) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

20 Inokakura, Ijuin-cho, Hioki-shi, Kagoshima, JPN, 899-2594

Website

http://www.k-higashimaru.co.jp

Higashimaru Co Ltd produces, sells and exports food products. It has a fisheries business and food business. Its fisheries business engaged in the production and sale of yellowtail feeds and mixed feeds for various fish farms. The company offers formula feeds for fish culture and also provides instant noodles, noodle dishes, noodle soups, wheat noodles, snacks, and fruit juices, among others.

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