Bit-isle (TSE:3811) Long-Term Capital Lease Obligation : 円1,489 Mil (As of Jul. 2015)

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What is Bit-isle Long-Term Capital Lease Obligation?

Bit-isle's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2015 was 円1,489 Mil.

Bit-isle's quarterly Long-Term Capital Lease Obligation declined from Jan. 2015 (円1,464 Mil) to Apr. 2015 (円1,301 Mil) but then increased from Apr. 2015 (円1,301 Mil) to Jul. 2015 (円1,489 Mil).

Bit-isle's annual Long-Term Capital Lease Obligation declined from Jul. 2013 (円2,203 Mil) to Jul. 2014 (円1,429 Mil) but then increased from Jul. 2014 (円1,429 Mil) to Jul. 2015 (円1,489 Mil).

Bit-isle Long-Term Capital Lease Obligation Historical Data

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

Bit-isle Annual Data

Trend

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

Long-Term Capital Lease Obligation

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2,157.29

2,291.94

2,203.00

1,429.00

1,489.00

Bit-isle Quarterly Data
	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,429.00	1,326.00	1,464.00	1,301.00	1,489.00

Bit-isle (TSE:3811) 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.

Bit-isle Long-Term Capital Lease Obligation Related Terms

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Bit-isle (TSE:3811) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bit-isle Inc (TSE:3811) » Definitions » Long-Term Capital Lease Obligation

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Website

http://www.bit-isle.co.jp

Bit-isle Inc is engaged in the data center business, eveloping a comprehensive business IT outsourcing services to the axis 3 iDC services, managed services and solutions services.

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