ASICS (TSE:7936) Long-Term Capital Lease Obligation : 円38,514 Mil (As of Mar. 2024)

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What is ASICS Long-Term Capital Lease Obligation?

ASICS's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円38,514 Mil.

ASICS's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (円32,020 Mil) to Dec. 2023 (円37,783 Mil) and increased from Dec. 2023 (円37,783 Mil) to Mar. 2024 (円38,514 Mil).

ASICS's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (円24,600 Mil) to Dec. 2022 (円32,963 Mil) and increased from Dec. 2022 (円32,963 Mil) to Dec. 2023 (円37,783 Mil).

ASICS Long-Term Capital Lease Obligation Historical Data

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

ASICS Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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26,955.00

26,391.00

24,600.00

32,963.00

37,783.00

ASICS 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															32,441.00	33,810.00	32,020.00	37,783.00	38,514.00

ASICS (TSE:7936) 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.

ASICS Long-Term Capital Lease Obligation Related Terms

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ASICS (TSE:7936) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » ASICS Corp (TSE:7936) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ASCCY:USA ASCCF:USA ASI1:Germany

Address

1-1, Minatojima-Nakamachi 7-chome, Chuo-ku, Kobe, JPN, 650-8555

Website

http://www.asics.co.jp

ASICS Corp is a Japanese manufacturer and distributor of sporting goods. The company organises itself across three business domains: athletic sports, sports lifestyle, and health/comfort. Athletic sports provide equipment for running, Asics' core business; training; tennis; and rugby. Sports lifestyle includes fashion and lifestyle apparel and footwear. Health/comfort includes casual leather shoes, safety shoes, and nursing care facilities. The company reports results for three segments: sports shoes, sportswear, and sports equipment. The sports shoes segment contributes to the vast majority of consolidated revenue. Geographically, sales made domestically, across the Americas, and in EMEA contribute significantly to revenue, and collectively constitute the vast majority of sales.

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