ABKO Co (XKRX:129890) Long-Term Capital Lease Obligation : ₩33 Mil (As of Mar. 2024)

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What is ABKO Co Long-Term Capital Lease Obligation?

ABKO Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩33 Mil.

ABKO Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩91 Mil) to Dec. 2023 (₩61 Mil) and declined from Dec. 2023 (₩61 Mil) to Mar. 2024 (₩33 Mil).

ABKO Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩271 Mil) to Dec. 2022 (₩162 Mil) and declined from Dec. 2022 (₩162 Mil) to Dec. 2023 (₩61 Mil).

ABKO Co Long-Term Capital Lease Obligation Historical Data

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

ABKO Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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142.14

77.88

271.34

162.05

61.24

ABKO Co Quarterly Data
	Jun19	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													124.66	122.28	91.00	61.24	33.31

ABKO Co (XKRX:129890) 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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ABKO Co (XKRX:129890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ABKO Co Ltd (XKRX:129890) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

20 Magokjungang 1-ro, Gangseo-gu, 7th Floor, Seoul, KOR

Website

http://www.abko.co.kr

ABKO Co Ltd is engaged in the business of manufacturing and marketing gaming supplies, computer peripherals, and other related products.

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