Mitsubishi Logisnext Co (TSE:7105) Long-Term Capital Lease Obligation : 円19,615 Mil (As of Mar. 2024)

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What is Mitsubishi Logisnext Co Long-Term Capital Lease Obligation?

Mitsubishi Logisnext Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円19,615 Mil.

Mitsubishi Logisnext Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (円20,968 Mil) to Dec. 2023 (円18,835 Mil) but then increased from Dec. 2023 (円18,835 Mil) to Mar. 2024 (円19,615 Mil).

Mitsubishi Logisnext Co's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (円7,013 Mil) to Mar. 2023 (円20,332 Mil) but then declined from Mar. 2023 (円20,332 Mil) to Mar. 2024 (円19,615 Mil).

Mitsubishi Logisnext Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mitsubishi Logisnext 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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Mitsubishi Logisnext Co Long-Term Capital Lease Obligation Chart

Mitsubishi Logisnext Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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5,380.00

5,810.00

7,013.00

20,332.00

19,615.00

Mitsubishi Logisnext 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															20,332.00	20,561.00	20,968.00	18,835.00	19,615.00

Mitsubishi Logisnext Co (TSE:7105) 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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Mitsubishi Logisnext Co (TSE:7105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Mitsubishi Logisnext Co Ltd (TSE:7105) » Definitions » Long-Term Capital Lease Obligation

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Address

2-1-1 Higashikotari, Nagaokakyo-shi, Kyoto, JPN, 617-8585

Website

http://www.logisnext.com

Mitsubishi Logisnext Co Ltd is the manufacturer of material handling equipment. Principally, it is engaged in the development, design, manufacture, and sale of electric and engine-powered forklifts, transportation robots, automated warehouses, local area network and other logistics equipment and systems, electric vehicles, and monorails. The company offers trucks, electric counterbalanced trucks, low lifters, loaders, order pickers, multi-directional trucks, lateral stacking trucks, stackers, power pallet trucks, and towing tractors.

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