Finotek Co (XKRX:150440) Long-Term Capital Lease Obligation : ₩0 Mil (As of Dec. 2022)

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What is Finotek Co Long-Term Capital Lease Obligation?

Finotek Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was ₩0 Mil.

Finotek Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2020 (₩9 Mil) to Dec. 2021 (₩0 Mil) but then stayed the same from Dec. 2021 (₩0 Mil) to Dec. 2022 (₩0 Mil).

Finotek Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (₩9 Mil) to Dec. 2021 (₩0 Mil) but then stayed the same from Dec. 2021 (₩0 Mil) to Dec. 2022 (₩0 Mil).

Finotek Co Long-Term Capital Lease Obligation Historical Data

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

Finotek Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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14.71

63.09

9.47

Finotek Co Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			14.71	63.09	9.47	-	-

Finotek Co (XKRX:150440) 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.

Finotek Co Long-Term Capital Lease Obligation Related Terms

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Finotek Co (XKRX:150440) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Finotek Co Ltd (XKRX:150440) » Definitions » Long-Term Capital Lease Obligation

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Address

3rd floor, 1 Yangjaechunro 9-Gil, Seocho-Gu, Seoul, KOR

Website

http://www.finotek.co.kr

Finotek Co Ltd develops and supply's software, system integration (SI), application development and consulting, system ASP services. The company primarily serves the financial services sector. Geographically, the business is carried out through Korea.

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