Daekyo Co (XKRX:019680) Long-Term Capital Lease Obligation : ₩48,392 Mil (As of Mar. 2024)

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What is Daekyo Co Long-Term Capital Lease Obligation?

Daekyo Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩48,392 Mil.

Daekyo Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩47,975 Mil) to Dec. 2023 (₩46,790 Mil) but then increased from Dec. 2023 (₩46,790 Mil) to Mar. 2024 (₩48,392 Mil).

Daekyo Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩44,801 Mil) to Dec. 2022 (₩49,265 Mil) but then declined from Dec. 2022 (₩49,265 Mil) to Dec. 2023 (₩46,790 Mil).

Daekyo Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Daekyo 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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Daekyo Co Long-Term Capital Lease Obligation Chart

Daekyo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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72,219.16

51,156.94

44,801.24

49,264.85

46,790.29

Daekyo 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															49,059.27	49,247.97	47,974.86	46,790.29	48,392.05

Daekyo Co (XKRX:019680) 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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Daekyo Co (XKRX:019680) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Daekyo Co Ltd (XKRX:019680) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

019685:Korea

Address

Noonnopi Seocho Center, 446-3, Bangbae-Dong, Seocho-Gu, Seoul, KOR, 137-818

Website

http://eng.daekyo.com

Daekyo Co Ltd is a Korean education company that provides services such as learning centers, educational materials, media programs, and international programs. The company's largest segment is its Noonnoppi brand of learning centers and self-learning systems. This segment offers on-site learning centers for children as well as home tutoring and virtual learning programs. The majority of students that subscribe to Noonnoppi programs are elementary and middle/high school students, followed by adult learners. Daekyo also operates over 10 international subsidiaries the U.S. and in 21 countries across Asia.

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