S-Oil (XKRX:010950) Long-Term Capital Lease Obligation : ₩0 Mil (As of Mar. 2024)

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What is S-Oil Long-Term Capital Lease Obligation?

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

S-Oil's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩0 Mil) to Dec. 2023 (₩153,923 Mil) but then declined from Dec. 2023 (₩153,923 Mil) to Mar. 2024 (₩0 Mil).

S-Oil's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩214,575 Mil) to Dec. 2022 (₩184,148 Mil) and declined from Dec. 2022 (₩184,148 Mil) to Dec. 2023 (₩153,923 Mil).

S-Oil Long-Term Capital Lease Obligation Historical Data

The historical data trend for S-Oil'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.

S-Oil Long-Term Capital Lease Obligation Chart

S-Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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244,538.00

208,426.00

214,575.00

184,148.00

153,923.00

S-Oil 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															-	-	-	153,923.00	-

S-Oil (XKRX:010950) 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.

S-Oil Long-Term Capital Lease Obligation Related Terms

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S-Oil (XKRX:010950) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » S-Oil Corp (XKRX:010950) » Definitions » Long-Term Capital Lease Obligation

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010955:Korea

Address

192 Baekbeom-ro, Mapo-gu, Seoul, KOR, 04196

Website

http://www.s-oil.com

S-Oil is an integrated energy company that operates a refinery, petrochemical, and lube oil business. Revenue is primarily derived from refining operations, with the majority of sales from Asian countries. Refining operations include a cracking center, which is used for replacement and low sulfurization of all products that actively respond to changes in market conditions. The company exports ultra-low-sulfur diesel fuel, processed to meet environmental regulations around the world. Other products from S-Oil facilities include LPG, naphtha, kerosene/diesel, B-C oil, and other crude oil byproducts.

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