Hitachi Construction Machinery Co (TSE:6305) Long-Term Capital Lease Obligation : 円62,531 Mil (As of Mar. 2024)

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What is Hitachi Construction Machinery Co Long-Term Capital Lease Obligation?

Hitachi Construction Machinery Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円62,531 Mil.

Hitachi Construction Machinery Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (円62,925 Mil) to Dec. 2023 (円63,115 Mil) but then declined from Dec. 2023 (円63,115 Mil) to Mar. 2024 (円62,531 Mil).

Hitachi Construction Machinery Co's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (円50,717 Mil) to Mar. 2023 (円60,149 Mil) and increased from Mar. 2023 (円60,149 Mil) to Mar. 2024 (円62,531 Mil).

Hitachi Construction Machinery Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hitachi Construction Machinery 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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Hitachi Construction Machinery Co Long-Term Capital Lease Obligation Chart

Hitachi Construction Machinery Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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47,795.00

46,942.00

50,717.00

60,149.00

62,531.00

Hitachi Construction Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															60,149.00	61,801.00	62,925.00	63,115.00	62,531.00

Hitachi Construction Machinery Co (TSE:6305) 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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Hitachi Construction Machinery Co (TSE:6305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hitachi Construction Machinery Co Ltd (TSE:6305) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HTCMY:USA HCM:Germany

Address

16-1, Higashiueno 2-chome, Taito-ku, Tokyo, JPN, 110-0015

Website

https://www.hitachicm.com

Hitachi Construction Machinery, or HCM, manufactures and sells construction and mining machinery, and provides related services such as parts supply, rentals, and others. HCM was established in 1970 as a subsidiary of Hitachi, but its origins date back to 1949 when it introduced Japan's first mechanical excavator. The company's main products include hydraulic excavators for mining/construction, rigid dump trucks, and wheel loaders. As of August 2022, Hitachi is no longer the parent company of HCM, after selling 26% of its stake to HCJI Holdings, a joint venture between Itochu and Japan Industrial Partners. Currently, Hitachi has a 25.4% stake in Hitachi Construction Machinery as an equity-method affiliate. HCM is based in Tokyo, Japan.

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