Hanshin Construction Co (XKRX:004965.PFD) Long-Term Capital Lease Obligation : ₩1,497.54 Mil (As of Mar. 2024)

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What is Hanshin Construction Co Long-Term Capital Lease Obligation?

Hanshin Construction Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩1,497.54 Mil.

Hanshin Construction Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩1,320.32 Mil) to Dec. 2023 (₩1,083.29 Mil) but then increased from Dec. 2023 (₩1,083.29 Mil) to Mar. 2024 (₩1,497.54 Mil).

Hanshin Construction Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩932.28 Mil) to Dec. 2022 (₩1,956.14 Mil) but then declined from Dec. 2022 (₩1,956.14 Mil) to Dec. 2023 (₩1,083.29 Mil).

Hanshin Construction Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hanshin Construction 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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Hanshin Construction Co Long-Term Capital Lease Obligation Chart

Hanshin Construction Co Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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1,867.77

3,546.15

932.28

1,956.14

1,083.29

Hanshin Construction 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															1,829.14	1,412.22	1,320.32	1,083.29	1,497.54

Hanshin Construction Co (XKRX:004965.PFD) 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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Hanshin Construction Co (XKRX:004965.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hanshin Construction Co Ltd (XKRX:004965.PFD) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

004960:Korea

Address

15-1 Baegamri baegam-myeon, Cheoin-gu, Yong-in, Gyeonggi-do, KOR

Website

http://www.hanshinc.com

Hanshin Construction Co Ltd is a Korea-based company engaged in the construction works. The company's business area consists of civil works, electricity and plant, remodeling and overseas. It is into the construction of housings and apartments, office buildings, cultural facilities, such as shopping centers, sports centers, and hospitals. The company also provides civil works comprising highways, waterworks, water-purifiers, railways, subways, and bridges. Additionally, its electricity and plant business include transformer substation and electric railway lines. It also renders remodeling services in various fields such as constructions, buildings, and interiors.

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