Seong An Materials Co (XKRX:011300) Long-Term Capital Lease Obligation : ₩242 Mil (As of Sep. 2024)

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What is Seong An Materials Co Long-Term Capital Lease Obligation?

Seong An Materials Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩242 Mil.

Seong An Materials Co's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (₩0 Mil) to Jun. 2024 (₩223 Mil) and increased from Jun. 2024 (₩223 Mil) to Sep. 2024 (₩242 Mil).

Seong An Materials Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩9,868 Mil) to Dec. 2022 (₩8,095 Mil) and declined from Dec. 2022 (₩8,095 Mil) to Dec. 2023 (₩0 Mil).

Seong An Materials Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Seong An Materials 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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Seong An Materials Co Long-Term Capital Lease Obligation Chart

Seong An Materials Co Annual Data

Trend

Dec14

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Dec22

Dec23

Long-Term Capital Lease Obligation

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11,691.82

11,009.44

9,867.60

8,095.21

Seong An Materials Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7,234.32	-	-	222.79	242.07

Seong An Materials Co (XKRX:011300) 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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Seong An Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Seong An Materials Co Ltd (XKRX:011300) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

740, Geomdan-Dong, Buk-Gu, Daegu, KOR, 702-800

Website

http://www.startex.co.kr

Seong An Materials Co Ltd is a textile company engaged in manufacturing, exporting, and selling fabric related products in Korea and internationally. It offers polyester woven and circular knit fabrics.

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