Incar Financial Service Co (XKRX:211050) Long-Term Capital Lease Obligation : ₩2,257 Mil (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Incar Financial Service Co Long-Term Capital Lease Obligation?

Incar Financial Service Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩2,257 Mil.

Incar Financial Service Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₩1,901 Mil) to Sep. 2023 (₩2,360 Mil) but then declined from Sep. 2023 (₩2,360 Mil) to Dec. 2023 (₩2,257 Mil).

Incar Financial Service Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩3,567 Mil) to Dec. 2022 (₩2,366 Mil) and declined from Dec. 2022 (₩2,366 Mil) to Dec. 2023 (₩2,257 Mil).

Incar Financial Service Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Incar Financial Service 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.

* Premium members only.

Incar Financial Service Co Long-Term Capital Lease Obligation Chart

Incar Financial Service Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

1,287.86

771.30

3,567.37

2,366.15

2,257.47

Incar Financial Service Co Quarterly Data
	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										2,366.15	1,865.27	1,900.82	2,360.04	2,257.47

Incar Financial Service Co (XKRX:211050) 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.

Incar Financial Service Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Incar Financial Service Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Incar Financial Service Co (XKRX:211050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Incar Financial Service Co Ltd (XKRX:211050) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

7 Seoul Forest Road 27, Kolon Digital Tower 2nd floor, This holy gu, Seoul, KOR, 04 780

Website

http://www.incar.co.kr

Incar Financial Service Co Ltd is a financial sales company that provides all banking products such as banks and securities. It mainly engaged in insurance and pension-related business. The company also offers various customized comprehensive asset management consulting services.

Incar Financial Service Co (XKRX:211050) Headlines

No Headlines