Nippi (TSE:7932) Long-Term Capital Lease Obligation : 円74 Mil (As of Dec. 2023)

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What is Nippi Long-Term Capital Lease Obligation?

Nippi's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円74 Mil.

Nippi's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (円51 Mil) to Sep. 2023 (円73 Mil) and increased from Sep. 2023 (円73 Mil) to Dec. 2023 (円74 Mil).

Nippi's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (円83 Mil) to Mar. 2022 (円71 Mil) and declined from Mar. 2022 (円71 Mil) to Mar. 2023 (円60 Mil).

Nippi Long-Term Capital Lease Obligation Historical Data

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

Nippi Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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50.00

116.00

83.00

71.00

60.00

Nippi 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															37.00	60.00	51.00	73.00	74.00

Nippi (TSE:7932) 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.

Nippi Long-Term Capital Lease Obligation Related Terms

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Nippi (TSE:7932) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nippi Inc (TSE:7932) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

1-1-1 Senju Midori-cho, Adachi, Tokyo, JPN, 1208601

Website

http://www.nippi-inc.co.jp

Nippi, Incorporated is engaged in the manufacturing and selling of Leather Products in Japan. It also Manufactures and Sale Collagen Casing for Sausages, Gelatin & Collagen Peptide for food, Pharmaceutical, Industrial, and Photographic use, Cosmetics and Health Foods with Collagen.

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