Daeyang Paper Manufacturing Co (XKRX:006580) Long-Term Capital Lease Obligation : ₩1,619 Mil (As of Mar. 2024)

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What is Daeyang Paper Manufacturing Co Long-Term Capital Lease Obligation?

Daeyang Paper Manufacturing Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩1,619 Mil.

Daeyang Paper Manufacturing Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩1,724 Mil) to Dec. 2023 (₩1,701 Mil) and declined from Dec. 2023 (₩1,701 Mil) to Mar. 2024 (₩1,619 Mil).

Daeyang Paper Manufacturing Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩573 Mil) to Dec. 2022 (₩269 Mil) but then increased from Dec. 2022 (₩269 Mil) to Dec. 2023 (₩1,701 Mil).

Daeyang Paper Manufacturing Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Daeyang Paper Manufacturing 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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Daeyang Paper Manufacturing Co Long-Term Capital Lease Obligation Chart

Daeyang Paper Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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221.16

881.16

572.84

269.29

1,700.65

Daeyang Paper Manufacturing 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															1,570.58	1,545.99	1,723.80	1,700.65	1,618.60

Daeyang Paper Manufacturing Co (XKRX:006580) 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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Daeyang Paper Manufacturing Co (XKRX:006580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Daeyang Paper Manufacturing Co Ltd (XKRX:006580) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Kangnam Building 1321 Seocho-dong, Seocho-gu, Seoul, KOR, 425-120

Website

http://www.dygroup.co.kr

Daeyang Paper Manufacturing Co Ltd is engaged in manufacturing and selling various packing products in South Korea. The company's product offerings include base paper products, including corrugating medium paper, reverse side paper, and surface paper for corrugated cardboards; and corrugated cardboards/boxes, such as single faced, double-faced, double wall, and triple wall corrugated fiber boards.

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