Shin Hwa Dynamics Co (XKRX:001770) Long-Term Capital Lease Obligation : ₩0 Mil (As of Mar. 2024)

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What is Shin Hwa Dynamics Co Long-Term Capital Lease Obligation?

Shin Hwa Dynamics Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩0 Mil.

Shin Hwa Dynamics Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩25 Mil) to Dec. 2022 (₩0 Mil) but then stayed the same from Dec. 2022 (₩0 Mil) to Dec. 2023 (₩0 Mil).

Shin Hwa Dynamics Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shin Hwa Dynamics 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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Shin Hwa Dynamics Co Long-Term Capital Lease Obligation Chart

Shin Hwa Dynamics Co Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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24.76

Shin Hwa Dynamics Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															12.08	9.40	-	-	-

Shin Hwa Dynamics Co (XKRX:001770) 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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Shin Hwa Dynamics Co (XKRX:001770) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shin Hwa Dynamics Co Ltd (XKRX:001770) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

661-4, Shiwa Industrial Complex, 706, 4Da, Seonggok-dong, Ansan-shi, Gyeonggi, KOR, 425-110

Website

http://www.shinhwatp.co.kr

Shin Hwa Dynamics Co Ltd formerly Shinhwa Silup Co Ltd is a South Korea-based company engaged in the manufacturing of tin plates. It mainly produces tin plates, which are used for a variety of food and beverage cans, including food cans, paint cans, oil cans, drug cans, and others. The company also provides black plate coils, which are cold rolled tin steel plates used as raw materials of tin plates.

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