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SeAH SPECIAL STEEL CO (XKRX:019440) Long-Term Capital Lease Obligation : ₩780 Mil (As of Dec. 2023)


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What is SeAH SPECIAL STEEL CO Long-Term Capital Lease Obligation?

SeAH SPECIAL STEEL CO's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩780 Mil.

SeAH SPECIAL STEEL CO's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₩1,061 Mil) to Sep. 2023 (₩924 Mil) and declined from Sep. 2023 (₩924 Mil) to Dec. 2023 (₩780 Mil).

SeAH SPECIAL STEEL CO's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩197 Mil) to Dec. 2022 (₩847 Mil) but then declined from Dec. 2022 (₩847 Mil) to Dec. 2023 (₩780 Mil).


SeAH SPECIAL STEEL CO Long-Term Capital Lease Obligation Historical Data

The historical data trend for SeAH SPECIAL STEEL 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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SeAH SPECIAL STEEL CO Long-Term Capital Lease Obligation Chart

SeAH SPECIAL STEEL CO Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 843.61 1,265.67 197.18 846.81 779.59

SeAH SPECIAL STEEL CO 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 846.81 1,557.73 1,061.30 924.10 779.59

SeAH SPECIAL STEEL CO  (XKRX:019440) 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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SeAH SPECIAL STEEL CO (XKRX:019440) Business Description

Industry
Traded in Other Exchanges
N/A
Address
45, Yanghwa-ro, Mapo-gu, SeAH Tower 24 floor, Seoul, KOR, 790-240
SeAH SPECIAL STEEL CO LTD is a manufacturer of steel products. Its product portfolio includes cold rolling, cold extrusion, and cold drawing, CHQ wire and CD bars. The company's products used in safety belt shafts, automotive bolts, and construction bolt, automotive bolts, oil pump gears, and aircraft bolts.

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