HITO-Communications Holdings (TSE:4433) Long-Term Capital Lease Obligation : 円22 Mil (As of Feb. 2024)

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What is HITO-Communications Holdings Long-Term Capital Lease Obligation?

HITO-Communications Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円22 Mil.

HITO-Communications Holdings's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 (円8 Mil) to Nov. 2023 (円18 Mil) and increased from Nov. 2023 (円18 Mil) to Feb. 2024 (円22 Mil).

HITO-Communications Holdings's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (円23 Mil) to Aug. 2022 (円11 Mil) and declined from Aug. 2022 (円11 Mil) to Aug. 2023 (円8 Mil).

HITO-Communications Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for HITO-Communications Holdings'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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HITO-Communications Holdings Long-Term Capital Lease Obligation Chart

HITO-Communications Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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21.00

33.00

23.00

11.00

8.00

HITO-Communications Holdings 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															14.00	11.00	8.00	18.00	22.00

HITO-Communications Holdings (TSE:4433) 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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HITO-Communications Holdings (TSE:4433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HITO-Communications Holdings Inc (TSE:4433) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9-6 Higashi-Ikebukuro, Toshima Ward, Tokyo, JPN, 170-0013

Website

http://www.hitocom-hd.com

HITO-Communications Holdings Inc is engaged in business outsourcing industry placement and pay the general worker dispatching undertaking. Its services include Sales Outsourcing, Sales Promotion, Staffing services, and Tourism Staffing services among others.

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