Won IK (XKRX:032940) Long-Term Capital Lease Obligation : ₩269 Mil (As of Mar. 2024)

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What is Won IK Long-Term Capital Lease Obligation?

Won IK's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩269 Mil.

Won IK's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩305 Mil) to Dec. 2023 (₩215 Mil) but then increased from Dec. 2023 (₩215 Mil) to Mar. 2024 (₩269 Mil).

Won IK's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩1,262 Mil) to Dec. 2022 (₩712 Mil) and declined from Dec. 2022 (₩712 Mil) to Dec. 2023 (₩215 Mil).

Won IK Long-Term Capital Lease Obligation Historical Data

The historical data trend for Won IK'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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Won IK Long-Term Capital Lease Obligation Chart

Won IK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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842.04

680.79

1,261.68

712.25

214.99

Won IK 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															558.26	422.62	305.49	214.99	268.64

Won IK (XKRX:032940) 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.

Won IK Long-Term Capital Lease Obligation Related Terms

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Won IK (XKRX:032940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Won IK Corp (XKRX:032940) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

20, Pangyo-ro 255beon-gil, Bundang-gu, Gyeonggi-do, Seongnam-si, KOR, 137-070

Website

http://www.wonik.com

Won IK Corp is engaged in the semiconductor, construction and leisure, trade distribution, medical health care, finance, and electric and electronics businesses in South Korea. It engages in the research and development, manufacture, and sale of semiconductor, SMC, FPD, solar cell, and TGS equipment; and semiconductor gas and display materials. The company also manufactures and distributes quartz and ceramic parts used in the production of semiconductors, TFT, and LCD.

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