FreeMs (XKRX:053160) Long-Term Capital Lease Obligation : ₩0 Mil (As of Sep. 2024)

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What is FreeMs Long-Term Capital Lease Obligation?

FreeMs's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩0 Mil.

FreeMs's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩0 Mil) to Dec. 2022 (₩6 Mil) but then declined from Dec. 2022 (₩6 Mil) to Dec. 2023 (₩0 Mil).

FreeMs Long-Term Capital Lease Obligation Historical Data

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

FreeMs Annual Data

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Long-Term Capital Lease Obligation

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5.56

FreeMs 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															-	-	-	-	-

FreeMs (XKRX:053160) 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.

FreeMs Long-Term Capital Lease Obligation Related Terms

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FreeMs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FreeMs Corp (XKRX:053160) » Definitions » Long-Term Capital Lease Obligation

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Address

14, Samjak-ro 178beon-gil, Ojeong-gu, Gyeonggi-do, Bucheon-si, KOR, 421-160

Website

http://www.freems.co.kr

FreeMs Corp is a Korean manufacturer of Wire harness, Main control unit (MCU), Cluster (Panel Guage) in the construction and heavy industrial equipment fields. The organization is also involved in the business with EMS (Electronic manufacturing services) such as cash dispensing machine, ATM and automatic bill payment machine. The organization offered products have applications in industrial vehicles, CNG engines, construction machineries, agricultural machineries, railroad and others. The EMS business also provides OEM services for banking terminal units such as passbook printers, cash dispensers and horse racing ticket dispensers, and surface mounting technology service products such as LCD modules for mobile phones and LED board assemblies.

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