Taekwang Industrial Co (XKRX:003240) Long-Term Capital Lease Obligation : ₩11,584 Mil (As of Mar. 2024)

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What is Taekwang Industrial Co Long-Term Capital Lease Obligation?

Taekwang Industrial Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩11,584 Mil.

Taekwang Industrial Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩16,209 Mil) to Dec. 2023 (₩13,844 Mil) and declined from Dec. 2023 (₩13,844 Mil) to Mar. 2024 (₩11,584 Mil).

Taekwang Industrial Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩11,784 Mil) to Dec. 2022 (₩7,017 Mil) but then increased from Dec. 2022 (₩7,017 Mil) to Dec. 2023 (₩13,844 Mil).

Taekwang Industrial Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Taekwang Industrial 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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Taekwang Industrial Co Long-Term Capital Lease Obligation Chart

Taekwang Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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30,505.11

20,543.32

11,783.82

7,016.62

13,844.12

Taekwang Industrial 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															6,752.70	6,366.56	16,209.18	13,844.12	11,584.11

Taekwang Industrial Co (XKRX:003240) 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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Taekwang Industrial Co (XKRX:003240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taekwang Industrial Co Ltd (XKRX:003240) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

162-1 Jangchung-dong 2-Ga, Jung-gu, Seoul, KOR, 100-392

Website

http://www.taekwang.co.kr

Taekwang Industrial Co Ltd functions basically in the oil & gas industry in Korea. Its scope of business includes petrochemical products, fibers, and textiles. Its petrochemicals include purified terephthalic acid (PTA), propylene, acrylonitrile, sodium cyanide. The company's fiber products derived from its chemicals include acrylic fibers, nylons, spandex, spun yarns, worsted fabrics, cotton fabrics. Apart from its core business, the company also ventures into property renting and broadcast communication businesses.

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