Nitto Kogyo (TSE:6651) Long-Term Capital Lease Obligation : 円370 Mil (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is Nitto Kogyo Long-Term Capital Lease Obligation?

Nitto Kogyo's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円370 Mil.

Nitto Kogyo's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (円389 Mil) to Sep. 2023 (円388 Mil) and declined from Sep. 2023 (円388 Mil) to Dec. 2023 (円370 Mil).

Nitto Kogyo's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (円125 Mil) to Mar. 2023 (円378 Mil) but then declined from Mar. 2023 (円378 Mil) to Mar. 2024 (円325 Mil).

Nitto Kogyo Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nitto Kogyo'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.

* Premium members only.

Nitto Kogyo Long-Term Capital Lease Obligation Chart

Nitto Kogyo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

86.00

66.00

125.00

378.00

325.00

Nitto Kogyo 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															378.00	389.00	388.00	370.00	325.00

Nitto Kogyo (TSE:6651) 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.

Nitto Kogyo Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Nitto Kogyo's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Nitto Kogyo (TSE:6651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nitto Kogyo Corp (TSE:6651) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

6651:Japan

Address

2201, Kanihara, Nagakute-cho, Aichi County, Tokyo, JPN, 480-1189

Website

https://www.nito.co.jp

Nitto Kogyo Corp is a Japan-based company which provides a wide range of product materials, such as electric circuit panelboard powered high-pressure equipment, such as information and communications-related materials. It is engaged in manufacture and sales of electric and mechanical equipment such as high-voltage power-receiving equipment, panel boards, home panel boards, charging stations, optical junction boxes, metal enclosures, plastic enclosures, racks, breakers, switches, thermal management products, and so on. The company is also in Power Generation and sales business.

Nitto Kogyo (TSE:6651) Headlines

No Headlines