Hyundai Mobis Co (XKRX:012330) Long-Term Capital Lease Obligation : ₩393,427 Mil (As of Dec. 2023)

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What is Hyundai Mobis Co Long-Term Capital Lease Obligation?

Hyundai Mobis Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩393,427 Mil.

Hyundai Mobis Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₩407,892 Mil) to Sep. 2023 (₩410,968 Mil) but then declined from Sep. 2023 (₩410,968 Mil) to Dec. 2023 (₩393,427 Mil).

Hyundai Mobis Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩247,841 Mil) to Dec. 2022 (₩297,004 Mil) and increased from Dec. 2022 (₩297,004 Mil) to Dec. 2023 (₩393,427 Mil).

Hyundai Mobis Co Long-Term Capital Lease Obligation Historical Data

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

Hyundai Mobis Co Annual Data

Trend

Dec14

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Dec17

Dec18

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Dec21

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Dec23

Long-Term Capital Lease Obligation

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256,883.00

213,995.00

247,841.00

297,004.00

393,427.00

Hyundai Mobis Co 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															297,004.00	301,993.00	407,892.00	410,968.00	393,427.00

Hyundai Mobis Co (XKRX:012330) 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.

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Hyundai Mobis Co (XKRX:012330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hyundai Mobis Co Ltd (XKRX:012330) » Definitions » Long-Term Capital Lease Obligation

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Address

203, Teheran-ro, Gangnam-gu, Seoul, KOR, 06141

Website

http://www.mobis.co.kr

Hyundai Mobis is an automotive parts manufacturer. Its business segments are: automobile modules, major automobile parts, aftersales parts, and accessories. The automobiles modules division manufactures and supplies chassis modules, cockpit modules, and front-end modules. The major automobile parts segment offers safety systems, braking systems, steering systems, lamp systems, air suspension systems, audio systems, and AV Navigation systems. The aftersales parts segment streamlines logistics hubs and establishes high-tech distribution systems.

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