Sumitomo Heavy Industries (STU:SSM1) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is Sumitomo Heavy Industries Long-Term Capital Lease Obligation?

Sumitomo Heavy Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

Sumitomo Heavy Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sumitomo Heavy 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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Sumitomo Heavy Industries Long-Term Capital Lease Obligation Chart

Sumitomo Heavy Industries Annual Data

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Long-Term Capital Lease Obligation

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Sumitomo Heavy Industries Quarterly Data
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Sumitomo Heavy Industries (STU:SSM1) 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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Sumitomo Heavy Industries (STU:SSM1) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sumitomo Heavy Industries Ltd (STU:SSM1) » Definitions » Long-Term Capital Lease Obligation

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SOHVY:USA 6302:Japan

Address

ThinkPark Tower, 1-1 Osaki 2-chome, Shinagawa-ku, Tokyo, JPN, 141-6025

Website

http://www.shi.co.jp

Sumitomo Heavy Industries Ltd develops and manufactures a range of industrial machinery, from gearboxes to ships and large-scale plants. It offers power transmission and control systems, molding machinery, mobile cranes, turbines, and other industrial systems to optimize production. The company has six operating segments: machinery components, precision machinery, construction machinery, industrial machinery, ships, and environmental facilities and plants. Its segments collaborate, utilize research and development, and look for synergies to create new technologies or build on existing components. Japan accounts for approximately half of total revenue, with the remainder split between the United States, China, and other areas.

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