Cheil Grinding Wheel Ind Co (XKRX:001560) Long-Term Capital Lease Obligation : ₩0 Mil (As of Mar. 2025)

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What is Cheil Grinding Wheel Ind Co Long-Term Capital Lease Obligation?

Cheil Grinding Wheel Ind Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ₩0 Mil.

Cheil Grinding Wheel Ind Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (₩19 Mil) to Dec. 2024 (₩0 Mil) but then stayed the same from Dec. 2024 (₩0 Mil) to Mar. 2025 (₩0 Mil).

Cheil Grinding Wheel Ind Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cheil Grinding Wheel Ind 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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Cheil Grinding Wheel Ind Co Long-Term Capital Lease Obligation Chart

Cheil Grinding Wheel Ind Co Annual Data

Trend

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Long-Term Capital Lease Obligation

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Cheil Grinding Wheel Ind Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	18.68	-	-

Cheil Grinding Wheel Ind Co (XKRX:001560) 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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Cheil Grinding Wheel Ind Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cheil Grinding Wheel Ind Co Ltd (XKRX:001560) » Definitions » Long-Term Capital Lease Obligation

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Address

JangHeung-dong 34, DaeSong-ro 101beon-gil, Nam, GyeongBuk, Pohang, KOR

Website

http://www.grinding.co.kr

Cheil Grinding Wheel Ind Co Ltd is engaged in manufacturing grinding wheel products for industrial grinding, cutting, and finishing applications. The company's products include Vitrified Bonded Abrasive wheel, Rubber regulating Abrasive wheel, Mold Stones, Barrel stone and Honing stones among others.

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