SMEC Co (XKRX:099440) Long-Term Capital Lease Obligation : ₩703 Mil (As of Mar. 2024)

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What is SMEC Co Long-Term Capital Lease Obligation?

SMEC Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩703 Mil.

SMEC Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩556 Mil) to Dec. 2023 (₩624 Mil) and increased from Dec. 2023 (₩624 Mil) to Mar. 2024 (₩703 Mil).

SMEC Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩91 Mil) to Dec. 2022 (₩548 Mil) and increased from Dec. 2022 (₩548 Mil) to Dec. 2023 (₩624 Mil).

SMEC Co Long-Term Capital Lease Obligation Historical Data

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

SMEC Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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90.93

547.75

624.48

SMEC 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															607.81	625.07	556.49	624.48	703.38

SMEC Co (XKRX:099440) 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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SMEC Co (XKRX:099440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SMEC Co Ltd (XKRX:099440) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

666 Gasul-ri, Daesan-myeon, Changwon, Ulsan, Gyeongsangnam-do, KOR, 8231500-4800

Website

http://www.esmec.com

SMEC Co Ltd manufactures and sells machine tools, semiconductor and telecommunication equipment, robots, and laser equipment. The company offers machine tools, such as CNC lathes, machining center; parts; and robots associated with LCD production. It also provides network solutions, such as trunk, signaling, media, video, and IMS media gateways, as well as media gateway controllers, media resource function solutions, and session border controllers; LTE gateway solutions, including LTE SmallCell, evolved packet data, and trusted wireless access gateways; and WiFi solutions comprising WiFi access points and WiFi AP controllers. In addition, the company offers military satellite communication system; Internet of things; digital radio communication system solutions.

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