Inscobee (XKRX:006490) Long-Term Capital Lease Obligation : ₩300 Mil (As of Dec. 2023)

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What is Inscobee Long-Term Capital Lease Obligation?

Inscobee's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩300 Mil.

Inscobee's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₩199 Mil) to Sep. 2023 (₩472 Mil) but then declined from Sep. 2023 (₩472 Mil) to Dec. 2023 (₩300 Mil).

Inscobee's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩388 Mil) to Dec. 2022 (₩420 Mil) but then declined from Dec. 2022 (₩420 Mil) to Dec. 2023 (₩300 Mil).

Inscobee Long-Term Capital Lease Obligation Historical Data

The historical data trend for Inscobee'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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Inscobee Long-Term Capital Lease Obligation Chart

Inscobee Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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754.52

273.13

387.61

420.17

300.34

Inscobee 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															420.17	285.12	198.58	472.29	300.34

Inscobee (XKRX:006490) 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.

Inscobee Long-Term Capital Lease Obligation Related Terms

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Inscobee (XKRX:006490) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Inscobee Inc (XKRX:006490) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

401, Hakdong-ro, Gangnam-gu, Seoul, KOR

Website

http://www.inscobee.com

Inscobee Inc is a Korea based company. Its business activities are divided into four divisions including Smart Grid business, MVNO( Mobile Virtual Network Operator) business, Bio business and Distribution business. Smart Grid business develops smart grid system that improves the quality of electric power and decreases electricity consumption to reduce carbon footprint. MVNO division provides prepaid and postpaid options for mobile network operators. Bio business is engaged in developing bio medicines, cervical cancer vaccine, papillomavirus vaccine, cosmaceutical products, and nutraceutical products. Distribution division consists of watch business that supplies retailers with different branded watches including Dolphin, Odin and Handok.

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