Arcs Co (TSE:9948) Long-Term Capital Lease Obligation : 円3,240 Mil (As of Feb. 2024)

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What is Arcs Co Long-Term Capital Lease Obligation?

Arcs Co's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円3,240 Mil.

Arcs Co's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (円3,371 Mil) to Nov. 2023 (円3,352 Mil) and declined from Nov. 2023 (円3,352 Mil) to Feb. 2024 (円3,240 Mil).

Arcs Co's annual Long-Term Capital Lease Obligation declined from Feb. 2022 (円4,282 Mil) to Feb. 2023 (円3,576 Mil) and declined from Feb. 2023 (円3,576 Mil) to Feb. 2024 (円3,240 Mil).

Arcs Co Long-Term Capital Lease Obligation Historical Data

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

Arcs Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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4,752.00

4,351.00

4,282.00

3,576.00

3,240.00

Arcs Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3,576.00	3,379.00	3,371.00	3,352.00	3,240.00

Arcs Co (TSE:9948) 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.

Arcs Co Long-Term Capital Lease Obligation Related Terms

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Arcs Co (TSE:9948) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Arcs Co Ltd (TSE:9948) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

11-2-32, Minami 13-jo Nishi, Chuo-ku, Sapporo, JPN, 064-8610

Website

http://www.arcs-g.co.jp

Arcs Co Ltd is a Japan-based company principally engaged in the supermarket business. The company also operates other businesses through subsidiaries, including tourism, building maintenance, real estate leasing, property and casualty insurance and life insurance agency, wholesale, food manufacturing, industrial and general waste collection, and construction businesses. The supermarket segment offers a broad range of merchandise, including foods, apparel, and housing-related products.

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