Sungshin Cement Co (XKRX:004980) Long-Term Capital Lease Obligation : ₩7,367 Mil (As of Dec. 2023)

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What is Sungshin Cement Co Long-Term Capital Lease Obligation?

Sungshin Cement Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩7,367 Mil.

Sungshin Cement Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₩7,231 Mil) to Sep. 2023 (₩7,198 Mil) but then increased from Sep. 2023 (₩7,198 Mil) to Dec. 2023 (₩7,367 Mil).

Sungshin Cement Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩5,437 Mil) to Dec. 2022 (₩7,577 Mil) but then declined from Dec. 2022 (₩7,577 Mil) to Dec. 2023 (₩7,367 Mil).

Sungshin Cement Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sungshin Cement 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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Sungshin Cement Co Long-Term Capital Lease Obligation Chart

Sungshin Cement Co Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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7,769.98

5,926.27

5,437.05

7,577.32

7,367.17

Sungshin Cement Co 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															7,577.32	7,336.96	7,231.05	7,197.95	7,367.17

Sungshin Cement Co (XKRX:004980) 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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Sungshin Cement Co (XKRX:004980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sungshin Cement Co Ltd (XKRX:004980) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

004985:Korea

Address

194-27 Insa-dong, Jongno-gu, Seoul, KOR, 110-778

Website

http://www.sungshincement.co.kr

Sungshin Cement Co Ltd is a Korea based company engaged in the manufacture and marketing of cement, ready mixed concrete and dry mortar.

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