Samjin LND Co (XKRX:054090) Long-Term Capital Lease Obligation : ₩384 Mil (As of Dec. 2023)

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What is Samjin LND Co Long-Term Capital Lease Obligation?

Samjin LND Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩384 Mil.

Samjin LND Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₩672 Mil) to Sep. 2023 (₩502 Mil) and declined from Sep. 2023 (₩502 Mil) to Dec. 2023 (₩384 Mil).

Samjin LND Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩2,561 Mil) to Dec. 2022 (₩1,316 Mil) and declined from Dec. 2022 (₩1,316 Mil) to Dec. 2023 (₩384 Mil).

Samjin LND Co Long-Term Capital Lease Obligation Historical Data

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

Samjin LND Co Annual Data

Trend

Dec14

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Dec22

Dec23

Long-Term Capital Lease Obligation

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321.24

1,700.89

2,561.01

1,315.95

383.86

Samjin LND 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															1,315.95	1,005.97	671.96	502.27	383.86

Samjin LND Co (XKRX:054090) 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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Samjin LND Co (XKRX:054090) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Samjin LND Co Ltd (XKRX:054090) » Definitions » Long-Term Capital Lease Obligation

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Address

64-17, Dongtangiheung-ro, Gyeonggi-do, Hwaseong-si, KOR, 18487

Website

http://www.samjin.co.kr

Samjin LND Co Ltd is engaged in manufacturing and selling LCD and TV parts, secondary cells, office automation devices, automobile parts, molds, LED lighting products, and light guide plate products in South Korea and internationally. The company offers display parts, including LCD mold frames and TV cabinets; secondary batteries, such as electric power reserve ancillary power units, mobile phone square shape batteries, ESS, and cylindrical batteries among other products.

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