Phil Energy Co (XKRX:378340) Long-Term Capital Lease Obligation : ₩2,250 Mil (As of Mar. 2024)

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What is Phil Energy Co Long-Term Capital Lease Obligation?

Phil Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩2,250 Mil.

Phil Energy Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩2,097 Mil) to Dec. 2023 (₩2,283 Mil) but then declined from Dec. 2023 (₩2,283 Mil) to Mar. 2024 (₩2,250 Mil).

Phil Energy Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩12 Mil) to Dec. 2022 (₩2,212 Mil) and increased from Dec. 2022 (₩2,212 Mil) to Dec. 2023 (₩2,283 Mil).

Phil Energy Co Long-Term Capital Lease Obligation Historical Data

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

Phil Energy Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

11.77

2,211.92

2,282.65

Phil Energy Co Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			2,211.92	2,271.27	2,097.20	2,282.65	2,250.09

Phil Energy Co (XKRX:378340) 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.

Phil Energy Co Long-Term Capital Lease Obligation Related Terms

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Phil Energy Co (XKRX:378340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phil Energy Co Ltd (XKRX:378340) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

1-19 Jigotjungang-ro, Gyeonggi-do, Osan-si, KOR

Website

http://www.philenergy.co.kr

Phil Energy Co Ltd specializes in equipment for the manufacture of secondary batteries. It supplies various machinery equipment needed in all areas of the secondary battery assembly process, next-generation batteries, and fuel cells. It offers Stacking facility, Laser notching facilities, Tab Welding Facility, and Can Insert Facility.

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