Lat Co (XKRX:311060) Long-Term Capital Lease Obligation : ₩95 Mil (As of Dec. 2023)

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What is Lat Co Long-Term Capital Lease Obligation?

Lat Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩95 Mil.

Lat Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 (₩90 Mil) to Dec. 2022 (₩94 Mil) and increased from Dec. 2022 (₩94 Mil) to Dec. 2023 (₩95 Mil).

Lat Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩90 Mil) to Dec. 2022 (₩94 Mil) and increased from Dec. 2022 (₩94 Mil) to Dec. 2023 (₩95 Mil).

Lat Co Long-Term Capital Lease Obligation Historical Data

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

Lat Co Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

89.77

94.03

95.28

Lat Co Semi-Annual Data
	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	89.77	94.03	95.28

Lat Co (XKRX:311060) 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.

Lat Co Long-Term Capital Lease Obligation Related Terms

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Lat Co (XKRX:311060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lat Co Ltd (XKRX:311060) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

766-2 Gosaek-dong, Gwonseon-gu, Pyeong-dong, Gyeonggi-do, 1433-100, Suwon, KOR, 16643

Website

http://www.latplasma.com

Lat Co Ltd is a Korean company which operates in the vacuum equipment industry. It manufactures semiconductor and display equipment, while its products offerings include Vacuum deposition equipment, Heat treatment devices, etching devices, fusion compound devices, and other devices. It offers products for industries including solar cells (MEMS, PACKAGE, PCB), displays (AMOLED, LCD), and renewable energy (crystalline, thin film solar cells).

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