Sakai Heavy Industries (TSE:6358) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)

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What is Sakai Heavy Industries Long-Term Capital Lease Obligation?

Sakai Heavy Industries's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil.

Sakai Heavy Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (円311 Mil) to Mar. 2022 (円339 Mil) but then declined from Mar. 2022 (円339 Mil) to Mar. 2023 (円309 Mil).

Sakai Heavy Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sakai Heavy Industries'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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Sakai Heavy Industries Long-Term Capital Lease Obligation Chart

Sakai Heavy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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307.50

302.27

311.43

338.53

309.25

Sakai Heavy Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	309.25	-	-	-

Sakai Heavy Industries (TSE:6358) 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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Sakai Heavy Industries (TSE:6358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sakai Heavy Industries Ltd (TSE:6358) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

1-4-8 Shiba Daimon Minato-ku, Tokyo, JPN, 105-0012

Website

http://www.sakainet.co.jp

Sakai Heavy Industries Ltd is a Japan-based construction machinery manufacturing company. It is mainly engaged in the manufacturing and sale of compaction, road maintenance, and repair machines. Products offered by the company include earthmoving vibration roller, earthmoving vibration tandem roller, tire roller, macadam roller, vibrating tandem roller, vibrating combined roller, vibrating tire roller, vibrating macadam roller, rammer, plate compactor, backward and reverse plate compactor, handguide roller, road cutter, road stabilizer, asphalt finisher, drainage paving function recovery car, and sprinkler wheel.

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