Daehan Steel Co (XKRX:084010) Long-Term Capital Lease Obligation : ₩7,848 Mil (As of Dec. 2023)

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What is Daehan Steel Co Long-Term Capital Lease Obligation?

Daehan Steel Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩7,848 Mil.

Daehan Steel Co's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (₩0 Mil) to Sep. 2023 (₩0 Mil) but then increased from Sep. 2023 (₩0 Mil) to Dec. 2023 (₩7,848 Mil).

Daehan Steel Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩0 Mil) to Dec. 2022 (₩5,050 Mil) and increased from Dec. 2022 (₩5,050 Mil) to Dec. 2023 (₩7,848 Mil).

Daehan Steel Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Daehan Steel 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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Daehan Steel Co Long-Term Capital Lease Obligation Chart

Daehan Steel Co Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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535.59

6,675.19

5,049.64

7,848.04

Daehan Steel 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															5,049.64	-	-	-	7,848.04

Daehan Steel Co (XKRX:084010) 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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Daehan Steel Co (XKRX:084010) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Daehan Steel Co Ltd (XKRX:084010) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Saha-gyoung prosperous road 69, Busan, KOR, 604-836

Website

http://www.idaehan.com

Daehan Steel Co Ltd is a Korea based steel manufacturer. It offers square billet, deformed bar, processed rebar, bar in coil, iron bars, steel, bar steel for concrete and others.

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