Foster Electric Co (TSE:6794) Long-Term Capital Lease Obligation : 円1,367 Mil (As of Dec. 2023)

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What is Foster Electric Co Long-Term Capital Lease Obligation?

Foster Electric Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,367 Mil.

Foster Electric Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (円0 Mil) to Sep. 2023 (円1,299 Mil) and increased from Sep. 2023 (円1,299 Mil) to Dec. 2023 (円1,367 Mil).

Foster Electric Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Foster Electric 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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Foster Electric Co Long-Term Capital Lease Obligation Chart

Foster Electric Co Annual Data

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Long-Term Capital Lease Obligation

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Foster Electric Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	1,299.00	1,367.00

Foster Electric Co (TSE:6794) 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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Foster Electric Co (TSE:6794) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Foster Electric Co Ltd (TSE:6794) » Definitions » Long-Term Capital Lease Obligation

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Address

1-1-109, Tsutsujigaoka, Akishima City, Tokyo, JPN, 196-8550

Website

http://www.foster.co.jp

Foster Electric is a Japan-based company that conducts operation through four segments. The information and communication components and products segment produces and sells headsets and small speakers for mobile phones and commercial microphones, and this segment contributes around half of total revenue. The automotive components and products segment produces car speakers and car speaker systems. The acoustic components and products segment offers speakers and speaker systems for audio devices and TVs, amplifier built-in speakers, headphones, and others. The other segment offers Fostex brand products, micro acoustic components, and logistics services. The company has manufacturing bases in various countries, such as China, Vietnam, South Korea, Indonesia, and elsewhere.

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