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Kyeong Nam Steel Co (XKRX:039240) Long-Term Capital Lease Obligation : ₩0 Mil (As of Mar. 2025)


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What is Kyeong Nam Steel Co Long-Term Capital Lease Obligation?

Kyeong Nam Steel Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ₩0 Mil.


Kyeong Nam Steel Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kyeong Nam 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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Kyeong Nam Steel Co Long-Term Capital Lease Obligation Chart

Kyeong Nam Steel Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
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Kyeong Nam Steel Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Kyeong Nam Steel Co  (XKRX:039240) 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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Kyeong Nam Steel Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
61-46 Ungnam-Dong, ChangWon-Si, Gyeongsangnam-do, KOR, 641-290
Kyeong Nam Steel Co Ltd is engaged in manufacturing and selling steel products in South Korea. The company offers cold rolled products, including cold rolled steel sheets, pickled steel plates, hot-dip galvanized steel sheets, alloyed galvanized steel sheets, electric galvanized steel sheets, hot-rolled hot-dip galvanized steel sheets, hot-rolled galvanized steel sheets, and high corrosion resistant coated steel sheets.

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