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Azearth (TSE:3161) Long-Term Capital Lease Obligation : 円0 Mil (As of Jan. 2024)


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What is Azearth Long-Term Capital Lease Obligation?

Azearth's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円0 Mil.


Azearth Long-Term Capital Lease Obligation Historical Data

The historical data trend for Azearth'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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Azearth Long-Term Capital Lease Obligation Chart

Azearth Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Long-Term Capital Lease Obligation
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Azearth Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Azearth  (TSE:3161) 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.

Azearth Long-Term Capital Lease Obligation Related Terms

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Azearth (TSE:3161) Business Description

Traded in Other Exchanges
N/A
Address
No. 13, No. 7-chome, Taito-ku, Tokyo, JPN, 111-8623
Azearth Corp manufactures and sells chemical protective garments and environmental equipment in Japan, China, and South-East Asia. It also provides polystyrene foam for tatami matting and flooring, insulation boards, threads, mat edges, and machines, as well as other types of tatami materials. The company is also engaged in the laying and construction work on the section that lies beneath tatami. Further, it manufactures and sells garment materials, such as inner linings, interlining clothes, pocket clothes, and quarter lining belts; and provides contract cutting manufacturing.

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