Sumitomo Forestry Co (Sumitomo Forestry Co) Long-Term Capital Lease Obligation : $121 Mil (As of Mar. 2024)

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What is Sumitomo Forestry Co Long-Term Capital Lease Obligation?

Sumitomo Forestry Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $121 Mil.

Sumitomo Forestry Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($96 Mil) to Dec. 2023 ($125 Mil) but then declined from Dec. 2023 ($125 Mil) to Mar. 2024 ($121 Mil).

Sumitomo Forestry Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($74 Mil) to Dec. 2022 ($91 Mil) and increased from Dec. 2022 ($91 Mil) to Dec. 2023 ($125 Mil).

Sumitomo Forestry Co Long-Term Capital Lease Obligation Historical Data

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

Sumitomo Forestry Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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39.91

74.17

74.13

90.89

124.95

Sumitomo Forestry 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															92.73	92.45	96.04	124.95	121.28

Sumitomo Forestry Co (OTCPK:SMFRF) 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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Sumitomo Forestry Co (Sumitomo Forestry Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Sumitomo Forestry Co Ltd (OTCPK:SMFRF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

1911:Japan 5F6:Germany

Address

Keidanren Kaikan, 3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8270

Website

http://sfc.jp

Sumitomo Forestry Co Ltd is a diversified Japanese company that focuses on timber and building materials as well as residential construction. The company's timber business is one of Japan's leading suppliers of timber and also provides building and structural materials such as flooring and doors. It constructs custom-built single-family housing projects around Japan that use the company's timber materials and design. These two business units provide the majority of the company's revenue. Sumitomo Forestry operates timber and exporting businesses in Southeast Asia, Australia, and North America. It is also involved in forestry management, as it owns forests around Japan and Southeast Asia.

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