Moonbae Steel Co (XKRX:008420) Long-Term Capital Lease Obligation : ₩214 Mil (As of Mar. 2024)

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What is Moonbae Steel Co Long-Term Capital Lease Obligation?

Moonbae Steel Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩214 Mil.

Moonbae Steel Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩266 Mil) to Dec. 2023 (₩241 Mil) and declined from Dec. 2023 (₩241 Mil) to Mar. 2024 (₩214 Mil).

Moonbae Steel Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩325 Mil) to Dec. 2022 (₩269 Mil) and declined from Dec. 2022 (₩269 Mil) to Dec. 2023 (₩241 Mil).

Moonbae Steel Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Moonbae Steel 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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Moonbae Steel Co Long-Term Capital Lease Obligation Chart

Moonbae Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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150.55

94.28

325.25

268.72

241.14

Moonbae Steel 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															237.97	290.69	266.04	241.14	213.56

Moonbae Steel Co (XKRX:008420) 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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Moonbae Steel Co (XKRX:008420) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Moonbae Steel Co Ltd (XKRX:008420) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

108, Bongnaedong 1-Ga, Jung-Gu, SEOUL, KOR, 100161

Website

http://www.moonbaesteel.co.kr

Moonbae Steel Co Ltd is engaged in the manufacturing and sale of steel products. The company offers hot-rolled steel plates, hot-rolled steel sheets, checkered steel plates, hot-rolled steel coils, mini-mill coils and other steel products including skelps, steel angles, and section steels.

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