Kurita Water Industries (Kurita Water Industries) Long-Term Capital Lease Obligation : $127 Mil (As of Dec. 2023)

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What is Kurita Water Industries Long-Term Capital Lease Obligation?

Kurita Water Industries's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $127 Mil.

Kurita Water Industries's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($128 Mil) to Sep. 2023 ($124 Mil) but then increased from Sep. 2023 ($124 Mil) to Dec. 2023 ($127 Mil).

Kurita Water Industries's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($141 Mil) to Mar. 2022 ($125 Mil) but then increased from Mar. 2022 ($125 Mil) to Mar. 2023 ($135 Mil).

Kurita Water Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kurita Water Industries'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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Kurita Water Industries Long-Term Capital Lease Obligation Chart

Kurita Water Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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86.63

127.25

141.00

125.34

134.79

Kurita Water Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															125.75	134.79	127.95	123.81	127.08

Kurita Water Industries (OTCPK:KTWIF) 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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Kurita Water Industries (Kurita Water Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kurita Water Industries Ltd (OTCPK:KTWIF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

KTWIY:USA 6370:Japan KWI:Germany KWI:Germany

Address

Nakano Central Park East , 4-10-1, Nakano-ku, Tokyo, JPN, 164-0001

Website

http://www.kurita.co.jp

Kurita Water Industries Ltd. is a provider of water treatment solutions in Japan. It operates through two segments, The Water Treatment Chemical segment, and The Water Treatment Equipment segment. The Water Treatment Chemical segment sells water treatment-related chemicals, for air conditioning, petroleum refining, pulp and paper processing-related applications. The Water Treatment Equipment segment manufactures and sells water production systems, drinking water treatment equipment, water and wastewater treatment equipment for various industries. Additionally, the segment is also responsible for supplying ultrapure water, the provision of maintenance service and the operation of water treatment facilities.

Kurita Water Industries (Kurita Water Industries) Headlines

From GuruFocus

Third Avenue Management Comments on Kurita Water Industries Ltd.

By Holly LaFon • 03-27-2014