LG Chem (XKRX:051910) Long-Term Capital Lease Obligation : ₩391,736 Mil (As of Dec. 2023)

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What is LG Chem Long-Term Capital Lease Obligation?

LG Chem's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩391,736 Mil.

LG Chem's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₩391,374 Mil) to Sep. 2023 (₩377,251 Mil) but then increased from Sep. 2023 (₩377,251 Mil) to Dec. 2023 (₩391,736 Mil).

LG Chem's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩247,380 Mil) to Dec. 2022 (₩294,559 Mil) and increased from Dec. 2022 (₩294,559 Mil) to Dec. 2023 (₩391,736 Mil).

LG Chem Long-Term Capital Lease Obligation Historical Data

The historical data trend for LG Chem'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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LG Chem Long-Term Capital Lease Obligation Chart

LG Chem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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222,137.00

129,236.00

247,380.00

294,559.00

391,736.00

LG Chem Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															294,559.00	299,230.00	391,374.00	377,251.00	391,736.00

LG Chem (XKRX:051910) 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.

LG Chem Long-Term Capital Lease Obligation Related Terms

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LG Chem (XKRX:051910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » LG Chem Ltd (XKRX:051910) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

051915:Korea

Address

LG Twin Towers, 128, Yeoui-daero, Youngdungpo-gu, Seoul, KOR, 150-721

Website

http://www.lgchem.com

LG Chem Ltd manufactures and sells a variety of chemicals, electronics, and energy storage products. The company operates in three major segments: Basic Materials & Chemicals, IT & Electronic Materials, and Energy Solutions. The Basic Materials & Chemicals segment, which generates the majority of revenue, sells plastics including naphtha, polyvinyl chloride (PVC), engineered plastics, and polyolefin, as well as rubber-based products. The IT & Electronic Materials segment sells a range of products that includes optical and circuit board materials. The Energy Solutions segment sells mobile and automotive batteries and energy storage systems. LG Corporation is the company's largest shareholder, owning around one third of outstanding shares. The majority of revenue comes from Asia.

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