STX Engine Co (XKRX:077970) Long-Term Capital Lease Obligation : ₩651 Mil (As of Mar. 2024)

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What is STX Engine Co Long-Term Capital Lease Obligation?

STX Engine Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩651 Mil.

STX Engine Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩1,024 Mil) to Dec. 2023 (₩806 Mil) and declined from Dec. 2023 (₩806 Mil) to Mar. 2024 (₩651 Mil).

STX Engine Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩959 Mil) to Dec. 2022 (₩1,557 Mil) but then declined from Dec. 2022 (₩1,557 Mil) to Dec. 2023 (₩806 Mil).

STX Engine Co Long-Term Capital Lease Obligation Historical Data

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

STX Engine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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560.51

664.77

959.04

1,556.88

805.92

STX Engine 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															1,237.10	1,154.72	1,023.76	805.92	650.75

STX Engine Co (XKRX:077970) 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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STX Engine Co (XKRX:077970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » STX Engine Co Ltd (XKRX:077970) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

80 Seongsan-dong, Changwon-Si, Gyeongnam, KOR, 641-315

Website

http://www.stxengine.co.kr

STX Engine Co Ltd is a Korea-based company mainly engaged in the manufacture of diesel engines. The company's product consists of marine and military diesel engines, electronic communication equipment, power plant, engine parts, gas turbine and others. It produces engines for various industries including defense, civilian such as container ships, oil tankers, fishers and locomotives and diesel engine power plants. The company exports its products geographically across Asian, European, Middle Eastern and African markets.

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