Fuyo General Lease Co (TSE:8424) Long-Term Capital Lease Obligation : 円206 Mil (As of Dec. 2023)

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What is Fuyo General Lease Co Long-Term Capital Lease Obligation?

Fuyo General Lease Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円206 Mil.

Fuyo General Lease Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (円211 Mil) to Sep. 2023 (円173 Mil) but then increased from Sep. 2023 (円173 Mil) to Dec. 2023 (円206 Mil).

Fuyo General Lease Co's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (円530 Mil) to Mar. 2023 (円272 Mil) and declined from Mar. 2023 (円272 Mil) to Mar. 2024 (円151 Mil).

Fuyo General Lease Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fuyo General Lease 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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Fuyo General Lease Co Long-Term Capital Lease Obligation Chart

Fuyo General Lease Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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417.00

755.00

530.00

272.00

151.00

Fuyo General Lease Co 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															272.00	211.00	173.00	206.00	151.00

Fuyo General Lease Co (TSE:8424) 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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Fuyo General Lease Co (TSE:8424) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Fuyo General Lease Co Ltd (TSE:8424) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FXL:Germany

Address

Nichirei Building, 3-3-23, Misaki-cho, Chiyoda-ku, Tokyo, JPN, 1018380

Website

http://www.fgl.co.jp

Fuyo General Lease Co Ltd is Japanese company which is engaged in leasing and installment transactions for machinery and equipment and financial transactions such as the provision of operating loans. The company focuses on using direct and indirect financing to procure funds for purchasing assets to lease or to sell through installment sales and for providing operating loans to customers. It has three reportable segments namely Lease and Installment Sales segment conducts leasing office equipment, industrial machinery and sells commercial equipment, production facilities, medical devices, and other assets on an installment basis; Loans segment which is engaged in commercial lending; and Other segment which invests in marketable securities.

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