Korea Electric Terminal Co (XKRX:025540) Long-Term Capital Lease Obligation : ₩12,917 Mil (As of Sep. 2024)

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What is Korea Electric Terminal Co Long-Term Capital Lease Obligation?

Korea Electric Terminal Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩12,917 Mil.

Korea Electric Terminal Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (₩17,762 Mil) to Jun. 2024 (₩15,736 Mil) and declined from Jun. 2024 (₩15,736 Mil) to Sep. 2024 (₩12,917 Mil).

Korea Electric Terminal Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩205 Mil) to Dec. 2022 (₩215 Mil) and increased from Dec. 2022 (₩215 Mil) to Dec. 2023 (₩17,608 Mil).

Korea Electric Terminal Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Korea Electric Terminal 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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Korea Electric Terminal Co Long-Term Capital Lease Obligation Chart

Korea Electric Terminal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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185.93

65.64

205.11

215.28

17,608.20

Korea Electric Terminal 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															553.26	17,608.20	17,762.07	15,735.95	12,916.98

Korea Electric Terminal Co (XKRX:025540) 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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Korea Electric Terminal Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Korea Electric Terminal Co Ltd (XKRX:025540) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

7-38, Yeonsu-gu, Incheon, KOR, 406-840

Website

http://www.ket.com

Korea Electric Terminal Co Ltd is a part of the electronic goods industry. The company engages in manufacturing connectors, which are an essential part of various electronic appliances. Its products are used in automobiles, light-emitting diodes, and other electronic products. Its products include automotive connectors for electrical systems in the automobile, connectors used for home appliances and LED frames. The product portfolio includes PCB connector, Joint connector, Terminal, Lighting connector, Mobile connector, Airbag sensor, LVDS connector, and others.

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