LG (XKRX:003550) Long-Term Capital Lease Obligation : ₩32,866 Mil (As of Dec. 2023)

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What is LG Long-Term Capital Lease Obligation?

LG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩32,866 Mil.

LG's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₩35,425 Mil) to Sep. 2023 (₩35,958 Mil) but then declined from Sep. 2023 (₩35,958 Mil) to Dec. 2023 (₩32,866 Mil).

LG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩12,758 Mil) to Dec. 2022 (₩34,652 Mil) but then declined from Dec. 2022 (₩34,652 Mil) to Dec. 2023 (₩32,866 Mil).

LG Long-Term Capital Lease Obligation Historical Data

The historical data trend for LG'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 Long-Term Capital Lease Obligation Chart

LG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

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Dec23

Long-Term Capital Lease Obligation

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26,681.00

23,529.00

12,758.00

34,652.00

32,866.00

LG 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	Get a 7-Day Free Trial															34,652.00	34,012.00	35,425.00	35,958.00	32,866.00

LG (XKRX:003550) 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 Long-Term Capital Lease Obligation Related Terms

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LG (XKRX:003550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LG Corp (XKRX:003550) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

003555:Korea

Address

LG Twin Tower, 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, KOR, 150-721

Website

http://www.lg.com

LG Corp is a South Korea-based holding company that is principally engaged in electronics, chemicals, telecommunications, and services businesses. The company operates business through a number of affiliated companies, including LG Electronics, LG Display, LG Innotek, LG Siltron, and others in the electronics industry; LG Chem, LG Household and Health Care, LG Life Sciences, and others in the chemicals industry; and LG N-Sys, LG CNS, LG Sports, and others in the telecommunication and services industry. The company has a business presence in North America, Europe, Middle East, Africa, the Commonwealth of Independent States (Kazakhstan, Russia, Turkmenistan, Ukraine), Asia-Pacific, and Latin America.

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