Noritsu Koki Co (Noritsu Koki Co) Long-Term Capital Lease Obligation : $20.1 Mil (As of Mar. 2024)

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What is Noritsu Koki Co Long-Term Capital Lease Obligation?

Noritsu Koki Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $20.1 Mil.

Noritsu Koki Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($19.8 Mil) to Dec. 2023 ($19.3 Mil) but then increased from Dec. 2023 ($19.3 Mil) to Mar. 2024 ($20.1 Mil).

Noritsu Koki Co's annual Long-Term Capital Lease Obligation increased from Mar. 2020 ($61.2 Mil) to Dec. 2021 ($66.9 Mil) but then declined from Dec. 2021 ($66.9 Mil) to Dec. 2022 ($17.5 Mil).

Noritsu Koki Co Long-Term Capital Lease Obligation Historical Data

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

Noritsu Koki Co Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Long-Term Capital Lease Obligation

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61.18

66.92

17.49

Noritsu Koki 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															19.50	18.69	19.83	19.33	20.12

Noritsu Koki Co (OTCPK:NKOKF) 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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Noritsu Koki Co (Noritsu Koki Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Noritsu Koki Co Ltd (OTCPK:NKOKF) » Definitions » Long-Term Capital Lease Obligation

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7744:Japan

Address

Azabu Juban 1-10-10 Joule A, 5th Floor, Minato-ku, Tokyo, JPN, 106-0045

Website

http://www.noritsu.co.jp

Noritsu Koki Co Ltd is a Japan-based company, engaged in the healthcare, drug discovery, senior life, agribusiness food, manufacturing, and other operations. In the manufacturing business, the company manufactures marking pen tip made of felt and synthetic fiber as the main product. In the healthcare business, it offers a range of medical services. In the drug discovery business, the company conducts research and development on biopharmaceuticals and regenerative medicine. The other operations of the company involves the business development and investment research, digital area business and insurance business.

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