Sakai Moving Service Co (TSE:9039) Long-Term Capital Lease Obligation : 円565 Mil (As of Dec. 2023)

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What is Sakai Moving Service Co Long-Term Capital Lease Obligation?

Sakai Moving Service Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円565 Mil.

Sakai Moving Service Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (円813 Mil) to Sep. 2023 (円689 Mil) and declined from Sep. 2023 (円689 Mil) to Dec. 2023 (円565 Mil).

Sakai Moving Service Co's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (円1,132 Mil) to Mar. 2023 (円814 Mil) and declined from Mar. 2023 (円814 Mil) to Mar. 2024 (円449 Mil).

Sakai Moving Service Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sakai Moving Service 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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Sakai Moving Service Co Long-Term Capital Lease Obligation Chart

Sakai Moving Service Co Annual Data

Trend

Mar15

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Mar24

Long-Term Capital Lease Obligation

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752.00

1,132.00

814.00

449.00

Sakai Moving Service 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															814.00	813.00	689.00	565.00	449.00

Sakai Moving Service Co (TSE:9039) 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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Sakai Moving Service Co (TSE:9039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sakai Moving Service Co Ltd (TSE:9039) » Definitions » Long-Term Capital Lease Obligation

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Address

56, Ishizukita-machi, Sakai-ku, Sakai-Shi, Osaka, JPN, 590-0823

Website

http://www.hikkoshi-sakai.co.jp

Sakai Moving Service Co Ltd is a Japanese company offering transportation services for moving goods. The company engages in transport and logistics business and provides related services which include shifting of homes, transport of luggage. Through its subsidiaries, it also involves in the sale of consumable goods for moving various products.

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