Hyundai Steel Co (XKRX:004020) Long-Term Capital Lease Obligation : ₩681,923 Mil (As of Dec. 2023)

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What is Hyundai Steel Co Long-Term Capital Lease Obligation?

Hyundai Steel Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩681,923 Mil.

Hyundai Steel Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₩710,799 Mil) to Sep. 2023 (₩696,439 Mil) and declined from Sep. 2023 (₩696,439 Mil) to Dec. 2023 (₩681,923 Mil).

Hyundai Steel Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩751,428 Mil) to Dec. 2022 (₩731,379 Mil) and declined from Dec. 2022 (₩731,379 Mil) to Dec. 2023 (₩681,923 Mil).

Hyundai Steel Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hyundai Steel 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.

* Premium members only.

Hyundai Steel Co Long-Term Capital Lease Obligation Chart

Hyundai Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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42,822.18

755,384.24

751,428.38

731,378.77

681,923.06

Hyundai Steel 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															731,378.77	738,585.43	710,799.20	696,439.37	681,923.06

Hyundai Steel Co (XKRX:004020) 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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Hyundai Steel Co (XKRX:004020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hyundai Steel Co (XKRX:004020) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1 Sohnghyun-Dong Dong-Gu, Incheon, KOR, 401-712

Website

http://www.hyundai-steel.com

Hyundai Steel Company is a Korea-based company engaged in the manufacture of steel products. The company's products include hot-rolled steel plates, cold-rolled steel plates, medium steel plates, steel tubes, steel bars, H bars, special steel rods and other steel products. The company's products are used in shipbuilding, automotive production, construction, bridges, engineering, home appliances, oil pipes, container manufacturing, machineries and other industries. The company is also engaged in the manufacture of track chain, which is a major part of heavy-duty machineries. The company generates most of its revenue from Korean domestic market and exports its products to overseas market in the meanwhile.

Hyundai Steel Co (XKRX:004020) Headlines

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