Hyundai Motor Co (Hyundai Motor Co) Long-Term Capital Lease Obligation : $639.42 Mil (As of Dec. 2023)

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

Hyundai Motor Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $639.42 Mil.

Hyundai Motor Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($566.84 Mil) to Sep. 2023 ($674.69 Mil) but then declined from Sep. 2023 ($674.69 Mil) to Dec. 2023 ($639.42 Mil).

Hyundai Motor Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($661.64 Mil) to Dec. 2022 ($545.59 Mil) but then increased from Dec. 2022 ($545.59 Mil) to Dec. 2023 ($639.42 Mil).

Hyundai Motor Co Long-Term Capital Lease Obligation Historical Data

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

Hyundai Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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541.07

562.78

661.64

545.59

639.42

Hyundai Motor 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															545.59	557.34	566.84	674.69	639.42

Hyundai Motor Co (OTCPK:HYMPY) 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.

Hyundai Motor Co Long-Term Capital Lease Obligation Related Terms

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Hyundai Motor Co (Hyundai Motor Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hyundai Motor Co (OTCPK:HYMPY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HYMTF:USA 005389:Korea 005387:Korea 005385:Korea 005380:Korea HYUDl:UK HYUD:UK HYU:Germany

Address

12, Heolleung-ro, Seocho-Gu, Seoul, KOR

Website

https://www.hyundai.com

Hyundai Motor Co is engaged in the manufacturing and distribution of motor vehicles and parts. The business of the group is operated through a vehicle, finance, and other segments. Its vehicle segment is engaged in the manufacturing and sale of motor vehicles. The finance segment operates vehicle financing, credit card processing, and other financing activities. Others segment includes the research and development, train manufacturing and other activities. The company derives most of the revenue from vehicle segment.