ASKUL (TSE:2678) Long-Term Capital Lease Obligation : 円15,882 Mil (As of Feb. 2024)

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What is ASKUL Long-Term Capital Lease Obligation?

ASKUL's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円15,882 Mil.

ASKUL's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (円16,071 Mil) to Nov. 2023 (円15,293 Mil) but then increased from Nov. 2023 (円15,293 Mil) to Feb. 2024 (円15,882 Mil).

ASKUL's annual Long-Term Capital Lease Obligation declined from May. 2021 (円11,211 Mil) to May. 2022 (円10,387 Mil) but then increased from May. 2022 (円10,387 Mil) to May. 2023 (円16,850 Mil).

ASKUL Long-Term Capital Lease Obligation Historical Data

The historical data trend for ASKUL'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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ASKUL Long-Term Capital Lease Obligation Chart

ASKUL Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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13,060.00

11,879.00

11,211.00

10,387.00

16,850.00

ASKUL Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															17,620.00	16,850.00	16,071.00	15,293.00	15,882.00

ASKUL (TSE:2678) 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.

ASKUL Long-Term Capital Lease Obligation Related Terms

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ASKUL (TSE:2678) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ASKUL Corp (TSE:2678) » Definitions » Long-Term Capital Lease Obligation

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Address

3-2-3 Toyosu Koto Ward, Toyosu Cubic Garden, 11 Floor, Koto-ku, Tokyo, JPN, 135-0061

Website

http://www.askul.co.jp

ASKUL Corp is a Japanese company mainly offering office products and accessories. The business has two main segments: the office-related products and other delivery. The office-related product segment consists of personal computer and accessories, office supplies, and furniture. The other delivery segment provides cargo transportation services for corporations.

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