Nitto Seimo Co (TSE:3524) Long-Term Capital Lease Obligation : 円0 Mil (As of Jan. 2024)

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What is Nitto Seimo Co Long-Term Capital Lease Obligation?

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

Nitto Seimo Co Long-Term Capital Lease Obligation Historical Data

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

Nitto Seimo Co Annual Data

Trend

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Long-Term Capital Lease Obligation

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Nitto Seimo Co Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Nitto Seimo Co (TSE:3524) 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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Nitto Seimo Co (TSE:3524) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitto Seimo Co Ltd (TSE:3524) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

3524:Japan

Address

2-20-15 Shimbashi, Minato-ku, Tokyo, JPN

Website

http://www.nittoseimo.co.jp

Nitto Seimo Co Ltd is engaged in manufacturing and sales of knotless nets, knotted nets, minnow nets, and ropes for fishery and onshore use and sales of laborsaving machinery and equipment for vessels and fishing operation as well as marine products.

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