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Penta-Ocean Construction Co (TSE:1893) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)


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What is Penta-Ocean Construction Co Long-Term Capital Lease Obligation?

Penta-Ocean Construction Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil.


Penta-Ocean Construction Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Penta-Ocean Construction 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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Penta-Ocean Construction Co Long-Term Capital Lease Obligation Chart

Penta-Ocean Construction Co Annual Data
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Long-Term Capital Lease Obligation
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Penta-Ocean Construction Co Quarterly Data
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Penta-Ocean Construction Co  (TSE:1893) 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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Penta-Ocean Construction Co (TSE:1893) Business Description

Traded in Other Exchanges
Address
2-2-8 Koraku, Bunkyo-ku, Tokyo, JPN, 112-8576
Penta-Ocean Construction Co Ltd is mainly engaged in the construction and development business. It operates in various segments namely Civil engineering segment, Building construction segment, and Overseas segment. The company undertakes projects for port and harbor, airport, power station, dam and river work, bridge, road and tunnel, railway, industrial and logistics, recreational, commercial, residential, and educational, as well as medical, health, and welfare facilities. In addition, it is also engaged in shipbuilding, leasing business, insurance business and consulting business. Geographically, business activity of the group can be seen in Japan, Southeast Asia, and internationally of which Japan region account for larger share of revenue.

Penta-Ocean Construction Co (TSE:1893) Headlines

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