Meere Co (XKRX:049950) Long-Term Capital Lease Obligation : ₩51 Mil (As of Mar. 2024)

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What is Meere Co Long-Term Capital Lease Obligation?

Meere Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩51 Mil.

Meere Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩86 Mil) to Dec. 2023 (₩70 Mil) and declined from Dec. 2023 (₩70 Mil) to Mar. 2024 (₩51 Mil).

Meere Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩732 Mil) to Dec. 2022 (₩286 Mil) and declined from Dec. 2022 (₩286 Mil) to Dec. 2023 (₩70 Mil).

Meere Co Long-Term Capital Lease Obligation Historical Data

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

Meere Co Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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1,719.43

1,151.74

731.75

286.12

70.25

Meere 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															263.36	112.78	85.52	70.25	50.66

Meere Co (XKRX:049950) 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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Meere Co (XKRX:049950) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Meere Co Inc (XKRX:049950) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

69-12, Jeongmunsongsan-ro, Yanggam-Myeon, Hwaseong, Gyeonggi, KOR

Website

http://www.meerecompany.com

Meere Co Inc designs & develops components & equipment for liquid crystal display, semi-conductor automation & solar battery. Its products include grinder, inspection, laser machine, wafer sorter, auto packing machine, memory repair, three dimensional (3D) thickness metrology and 3-dimensional surface profiler, laser scriber, cell counter, surgical robot, and time of flight 3D range camera.

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