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ESPEC (TSE:6859) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)


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What is ESPEC Long-Term Capital Lease Obligation?

ESPEC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil.


ESPEC Long-Term Capital Lease Obligation Historical Data

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

ESPEC Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
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ESPEC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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ESPEC  (TSE:6859) 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.

ESPEC Long-Term Capital Lease Obligation Related Terms

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ESPEC (TSE:6859) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ESPEC Corp (TSE:6859) » Definitions » Long-Term Capital Lease Obligation
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Address
3-5-6, Tenjinbashi, Kita-Ku, Osaka, JPN, 530-8550
ESPEC Corp is a Japanese manufacturer of environmental test chambers. It is engaged in the business divisions of Equipment business, Service business and Other business. In the Equipment business, the company offers environmental test chambers, secondary battery-related equipment, measurement and evaluation systems and semiconductor-related equipment. In the Service business, the entity offers after-sales service and engineering, laboratory testing services and other services. The organization offers its products in Japan and other countries.

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