AIT (TSE:9381) Long-Term Capital Lease Obligation : 円292 Mil (As of Feb. 2024)

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What is AIT Long-Term Capital Lease Obligation?

AIT's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円292 Mil.

AIT's quarterly Long-Term Capital Lease Obligation stayed the same from Aug. 2023 (円0 Mil) to Nov. 2023 (円0 Mil) but then increased from Nov. 2023 (円0 Mil) to Feb. 2024 (円292 Mil).

AIT's annual Long-Term Capital Lease Obligation increased from Feb. 2022 (円0 Mil) to Feb. 2023 (円134 Mil) and increased from Feb. 2023 (円134 Mil) to Feb. 2024 (円292 Mil).

AIT Long-Term Capital Lease Obligation Historical Data

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

AIT Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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134.00

292.00

AIT Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															134.00	-	-	-	292.00

AIT (TSE:9381) 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.

AIT Long-Term Capital Lease Obligation Related Terms

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AIT (TSE:9381) Business Description

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Address

15 Floor, Sakaisuji-Honmachi-Center Building, 2-1-6 Honmachi, Chuo-ku, Osaka, JPN, 541-0053

Website

http://www.ait-jp.com

AIT Corp is a Japan-based integrated logistics company. It is engaged in the delivery and cargo services. The services offered by the company include freight forwarding through marine, air, motor truck, railroad, and coastal transport. AIT also offers airfreight agency, customs clearance, warehousing, ship brokerage, import, and export agency, and nonlife insurance services. The company has network operations in Taiwan, Vietnam, Indonesia, Malaysia, Korea, Myanmar, Cambodia, Singapore, Philippine, Bangladesh, India, Sri Lanka, Pakistan, Australia, and Canada.

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