Ssang Yong Informationmmunications (XKRX:010280) Long-Term Capital Lease Obligation : ₩0 Mil (As of Mar. 2024)

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What is Ssang Yong Informationmmunications Long-Term Capital Lease Obligation?

Ssang Yong Informationmmunications's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩0 Mil.

Ssang Yong Informationmmunications's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩742 Mil) to Dec. 2023 (₩534 Mil) and declined from Dec. 2023 (₩534 Mil) to Mar. 2024 (₩0 Mil).

Ssang Yong Informationmmunications's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩1,998 Mil) to Dec. 2022 (₩1,681 Mil) and declined from Dec. 2022 (₩1,681 Mil) to Dec. 2023 (₩534 Mil).

Ssang Yong Informationmmunications Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ssang Yong Informationmmunications'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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Ssang Yong Informationmmunications Long-Term Capital Lease Obligation Chart

Ssang Yong Informationmmunications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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508.88

190.60

1,997.93

1,681.22

533.72

Ssang Yong Informationmmunications 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															-	976.99	741.87	533.72	-

Ssang Yong Informationmmunications (XKRX:010280) 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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Ssang Yong Informationmmunications (XKRX:010280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ssang Yong Information & Communications Corp (XKRX:010280) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Ssangyong Building, 24-1, 2-ga, Jeo-dong, Jung-gu, Seoul, KOR, 100-748

Website

http://www.sicc.co.kr

Ssang Yong Information & Communications Corp is an information technology service provider in South Korea. The business areas of the company are system integration, software development and consulting, network integration, and package software development.

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