LG Electronics (STU:LGLG) Long-Term Capital Lease Obligation

: €602 Mil (As of Dec. 2023)

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LG Electronics's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €602 Mil.

LG Electronics's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€561 Mil) to Sep. 2023 (€575 Mil) and increased from Sep. 2023 (€575 Mil) to Dec. 2023 (€602 Mil).

LG Electronics's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€496 Mil) to Dec. 2022 (€578 Mil) and increased from Dec. 2022 (€578 Mil) to Dec. 2023 (€602 Mil).

LG Electronics Long-Term Capital Lease Obligation Historical Data

The historical data trend for LG Electronics'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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LG Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

380.91

439.96

495.54

578.17

601.95

LG Electronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																578.17	570.05	560.95	574.68	601.95

LG Electronics (STU:LGLG) 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.

LG Electronics Long-Term Capital Lease Obligation Related Terms

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LG Electronics (STU:LGLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LG Electronics Inc (STU:LGLG) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

066575:Korea 066570:Korea LGLD:UK LGLG:Germany

Address

Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, KOR, 07336

Website

https://www.lge.co.kr

LG Electronics Inc is a South Korea-based company that produces a broad range of electronic products. Its businesses are the home entertainment segment, which produces and sells TVs and digital media products; the mobile communications segment, which produces and sells mobile communications equipment; the home appliance and air solutions segment, which produces and sells washing machines, refrigerators, and other products; the vehicle components segment, which designs and produces vehicle parts; the business solutions segment, which manufactures and sells PCs, solar panels, and other products; and Innotek, which sells substrates, sensors, and other items. The company generates the majority of total revenue from the home entertainment and home appliance and air solutions segments.

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