KT&G (XKRX:033780) Long-Term Capital Lease Obligation : ₩27,776 Mil (As of Dec. 2023)

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What is KT&G Long-Term Capital Lease Obligation?

KT&G's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩27,776 Mil.

KT&G's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₩23,178 Mil) to Sep. 2023 (₩27,771 Mil) and increased from Sep. 2023 (₩27,771 Mil) to Dec. 2023 (₩27,776 Mil).

KT&G's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩19,377 Mil) to Dec. 2022 (₩21,050 Mil) and increased from Dec. 2022 (₩21,050 Mil) to Dec. 2023 (₩27,776 Mil).

KT&G Long-Term Capital Lease Obligation Historical Data

The historical data trend for KT&G'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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KT&G Long-Term Capital Lease Obligation Chart

KT&G Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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24,396.63

25,828.96

19,377.13

21,050.00

27,776.00

KT&G 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															21,050.00	21,780.41	23,178.49	27,771.10	27,776.00

KT&G (XKRX:033780) 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.

KT&G Long-Term Capital Lease Obligation Related Terms

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KT&G (XKRX:033780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » KT&G Corp (XKRX:033780) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

100, Pyong chon-dong, Daedeog-gu, Daejeon, KOR, 306-712

Website

http://www.ktng.com

KT&G primarily manufactures and sells tobacco products in South Korea. Its flagship cigarette brand is Esse. Other brands include This, The One, Bohem, and Raison. More than two thirds of the company's revenue come from tobacco sales in South Korea. Tobacco sales outside of South Korea generate another fourth of the company's total revenue and are primarily generated in the Middle East and Asia, although the company sells its product in roughly 50 countries spanning the globe. The remaining company sales are from KT&G's businesses that invest in real estate and sell ginseng products, cosmetics, and pharmaceuticals.

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