Citizen Watch Co (TSE:7762) Long-Term Capital Lease Obligation : 円6,892 Mil (As of Dec. 2023)

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What is Citizen Watch Co Long-Term Capital Lease Obligation?

Citizen Watch Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円6,892 Mil.

Citizen Watch Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (円6,805 Mil) to Sep. 2023 (円6,756 Mil) but then increased from Sep. 2023 (円6,756 Mil) to Dec. 2023 (円6,892 Mil).

Citizen Watch Co's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (円790 Mil) to Mar. 2023 (円4,679 Mil) and increased from Mar. 2023 (円4,679 Mil) to Mar. 2024 (円7,380 Mil).

Citizen Watch Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Citizen Watch 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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Citizen Watch Co Long-Term Capital Lease Obligation Chart

Citizen Watch Co Annual Data

Trend

Mar15

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Mar17

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Mar21

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Mar24

Long-Term Capital Lease Obligation

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790.00

4,679.00

7,380.00

Citizen Watch 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															4,679.00	6,805.00	6,756.00	6,892.00	7,380.00

Citizen Watch Co (TSE:7762) 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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Citizen Watch Co (TSE:7762) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Citizen Watch Co Ltd (TSE:7762) » Definitions » Long-Term Capital Lease Obligation

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CTZ:Germany CTZ:Germany

Address

6-1-12, Tanashi-cho, Nishi Tokyo-shi, Tokyo, JPN, 188-8511

Website

https://www.citizen.co.jp

Citizen Watch Co Ltd primarily manufactures watches, machine tools, devices, and electronic products that it sells worldwide. Its watches and clocks segment contributes more than half of the company's revenue and includes brands such as Citizen, Bulova, xC, Q&Q, and Attesa. Machine Tools, which consists mostly of automatic lathes, and Devices, which consists largely of auto parts, switches, Chip LEDs, micro LCDs, and quartz crystals, each comprise roughly 15%-20% of total revenue. Electronic Products, which includes printers, health care equipment, and calculators, and Other Products collectively account for the remaining revenue. Japan and Asia (excluding Japan) each account for roughly a third of the company's total sales. Most of the remaining sales are from America and Europe.

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