Chinhung International (XKRX:002780) Long-Term Capital Lease Obligation : ₩655 Mil (As of Mar. 2024)

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What is Chinhung International Long-Term Capital Lease Obligation?

Chinhung International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩655 Mil.

Chinhung International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩639 Mil) to Dec. 2023 (₩579 Mil) but then increased from Dec. 2023 (₩579 Mil) to Mar. 2024 (₩655 Mil).

Chinhung International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩322 Mil) to Dec. 2022 (₩383 Mil) and increased from Dec. 2022 (₩383 Mil) to Dec. 2023 (₩579 Mil).

Chinhung International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chinhung International'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.

Chinhung International Long-Term Capital Lease Obligation Chart

Chinhung International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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148.86

240.13

321.86

383.02

579.24

Chinhung International 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															331.12	565.50	639.00	579.24	655.47

Chinhung International (XKRX:002780) 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.

Chinhung International Long-Term Capital Lease Obligation Related Terms

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Chinhung International (XKRX:002780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chinhung International Inc (XKRX:002780) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

002787:Korea 002785:Korea

Address

#807, 69, Convensia-daero, Yeonsu-gu, Incheon, KOR

Website

http://www.chinhung.co.kr

Chinhung International Inc is engaged in the civil engineering and construction business. The company was a subsidiary of Hyosung Group in 2008.

Chinhung International (XKRX:002780) Headlines

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