Point Engineering Co (XKRX:256630) Long-Term Capital Lease Obligation : ₩300 Mil (As of Mar. 2024)

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What is Point Engineering Co Long-Term Capital Lease Obligation?

Point Engineering Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩300 Mil.

Point Engineering Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩298 Mil) to Dec. 2023 (₩287 Mil) but then increased from Dec. 2023 (₩287 Mil) to Mar. 2024 (₩300 Mil).

Point Engineering Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩187 Mil) to Dec. 2022 (₩297 Mil) but then declined from Dec. 2022 (₩297 Mil) to Dec. 2023 (₩287 Mil).

Point Engineering Co Long-Term Capital Lease Obligation Historical Data

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

Point Engineering Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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213.11

269.61

187.32

296.97

287.44

Point Engineering 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															260.52	321.57	298.31	287.44	300.02

Point Engineering Co (XKRX:256630) 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.

Point Engineering Co Long-Term Capital Lease Obligation Related Terms

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Point Engineering Co (XKRX:256630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Point Engineering Co Ltd (XKRX:256630) » Definitions » Long-Term Capital Lease Obligation

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Address

89 Asan Valley-ro, Dunpo-Myeon, Chungnam, Asan-si, KOR

Website

http://www.pointeng.co.kr

Point Engineering Co Ltd is a South Korea based company engaged in manufacturing of precision parts and materials based on fine machining and surface treatment technology. The products of the company include LCD Parts such as Susceptor, Diffuser, Backing Plate and Upper Electrode. It also provides Etch Part and Metal Frame among other products.

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