Cenit Co (XKRX:037760) Long-Term Capital Lease Obligation : ₩4,328 Mil (As of Mar. 2024)

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What is Cenit Co Long-Term Capital Lease Obligation?

Cenit Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩4,328 Mil.

Cenit Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩3,592 Mil) to Dec. 2023 (₩4,708 Mil) but then declined from Dec. 2023 (₩4,708 Mil) to Mar. 2024 (₩4,328 Mil).

Cenit Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩1,739 Mil) to Dec. 2022 (₩2,439 Mil) and increased from Dec. 2022 (₩2,439 Mil) to Dec. 2023 (₩4,708 Mil).

Cenit Co Long-Term Capital Lease Obligation Historical Data

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

Cenit Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,670.30

1,596.01

1,739.24

2,439.37

4,707.76

Cenit 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															3,877.90	4,028.12	3,592.05	4,707.76	4,327.53

Cenit Co (XKRX:037760) 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.

Cenit Co Long-Term Capital Lease Obligation Related Terms

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Cenit Co (XKRX:037760) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cenit Co Ltd (XKRX:037760) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

1344-21 Seocho-dong, 2F Ilsuk Building, Seocho-gu, Seoul, KOR

Website

http://www.cenit.kr

Cenit Co Ltd is involved in manufacturing and selling cold-rolled stainless-steel coils and straps in South Korea. It offers stainless steel coils in a range of sizes and grades to electronics, construction, household appliances, automotive vehicles, and industrial equipment industries.

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