Leo Palace21 (TSE:8848) Long-Term Capital Lease Obligation : 円535 Mil (As of Dec. 2023)

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What is Leo Palace21 Long-Term Capital Lease Obligation?

Leo Palace21's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円535 Mil.

Leo Palace21's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (円361 Mil) to Sep. 2023 (円319 Mil) but then increased from Sep. 2023 (円319 Mil) to Dec. 2023 (円535 Mil).

Leo Palace21's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (円569 Mil) to Mar. 2023 (円275 Mil) but then increased from Mar. 2023 (円275 Mil) to Mar. 2024 (円737 Mil).

Leo Palace21 Long-Term Capital Lease Obligation Historical Data

The historical data trend for Leo Palace21'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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Leo Palace21 Long-Term Capital Lease Obligation Chart

Leo Palace21 Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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4,532.00

1,544.00

569.00

275.00

737.00

Leo Palace21 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															275.00	361.00	319.00	535.00	737.00

Leo Palace21 (TSE:8848) 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.

Leo Palace21 Long-Term Capital Lease Obligation Related Terms

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Leo Palace21 (TSE:8848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Leo Palace21 Corp (TSE:8848) » Definitions » Long-Term Capital Lease Obligation

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MQI:Germany

Address

2-54-11 Honcho, Nakano-ku, Tokyo, JPN, 164-8622

Website

http://www.leopalace21.co.jp

Leo Palace21 Corp has two core businesses: Construction, which builds apartment buildings, and Leasing, which rents and manages units in the apartments that the company builds. Upon completion, Leo Palace21 typically sells buildings to investors and then pays them a fixed rental amount for all the units in the building, whether occupied or not. LeoPalace21 then rents, manages, and maintains the units and keeps all rent from tenants as its own revenue. The company also has an Elderly Care business, which runs nursing facilities, and a Hotel & Resort business. The vast majority of LeoPalace21's revenue comes from the Leasing segment, and more than 90% of the company's revenue is generated in Japan.

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