Samick Musical Instruments Co (XKRX:002450) Long-Term Capital Lease Obligation : ₩1,538 Mil (As of Dec. 2023)

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What is Samick Musical Instruments Co Long-Term Capital Lease Obligation?

Samick Musical Instruments Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩1,538 Mil.

Samick Musical Instruments Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₩288 Mil) to Sep. 2023 (₩878 Mil) and increased from Sep. 2023 (₩878 Mil) to Dec. 2023 (₩1,538 Mil).

Samick Musical Instruments Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩196 Mil) to Dec. 2022 (₩415 Mil) and increased from Dec. 2022 (₩415 Mil) to Dec. 2023 (₩1,538 Mil).

Samick Musical Instruments Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Samick Musical Instruments 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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Samick Musical Instruments Co Long-Term Capital Lease Obligation Chart

Samick Musical Instruments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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372.25

186.95

195.97

415.04

1,538.32

Samick Musical Instruments 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															415.04	352.59	288.09	878.42	1,538.32

Samick Musical Instruments Co (XKRX:002450) 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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Samick Musical Instruments Co (XKRX:002450) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Samick Musical Instruments Co Ltd (XKRX:002450) » Definitions » Long-Term Capital Lease Obligation

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Address

1-6, Daejang-Ri, Soi-myeon, Eumseong-gun, Chungcheongbuk-do, KOR, 369-872

Website

http://www.samick.co.kr

Samick Musical Instruments Co Ltd manufactures and sells musical instruments in South Korea. The company offers upright, grand, and digital pianos; and acoustic and electric guitars. It also provides other music instruments, including strings, such as violins, guitar and bass amplifiers, and cellos; wind instruments comprising amplifiers, flutes, trumpets, saxophones, clarinets, ocarinas, and harmonicas; percussion products covering drums; music stands; tuners; musical instruments for kids; metronomes; and P.A systems.

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