Okins Electronics Co (XKRX:080580) Long-Term Capital Lease Obligation : ₩432 Mil (As of Mar. 2024)

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What is Okins Electronics Co Long-Term Capital Lease Obligation?

Okins Electronics Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩432 Mil.

Okins Electronics Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩310 Mil) to Dec. 2023 (₩459 Mil) but then declined from Dec. 2023 (₩459 Mil) to Mar. 2024 (₩432 Mil).

Okins Electronics Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩246 Mil) to Dec. 2022 (₩270 Mil) and increased from Dec. 2022 (₩270 Mil) to Dec. 2023 (₩459 Mil).

Okins Electronics Co Long-Term Capital Lease Obligation Historical Data

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

Okins Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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120.69

69.27

245.61

269.79

459.41

Okins Electronics 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															400.64	349.98	310.19	459.41	431.56

Okins Electronics Co (XKRX:080580) 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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Okins Electronics Co (XKRX:080580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Okins Electronics Co Ltd (XKRX:080580) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

13, Ojeongongeop-gil, 5th Floor, Gyeonggi-do, Uiwang-si, KOR, 16072

Website

http://www.okins.co.kr

Okins Electronics Co Ltd is a supplier of the device interface system. The company manufactures BiTS products for the applications to support device contacts for both memory and logic products. The business units of the organization include BiTS BU, Semiconductor BU and MEMS BU. The product line of the BiTS BU includes burn-in socket, test socket, memory module test socket, SSD module socket, spring probes and PION. Its semiconductor test service offers IC testing services for fabless design houses on test development and volume operation of wafer probing and package testing. The MEMS division is a solution-oriented department for manufacturing sockets for testing fine pitch packages.

Okins Electronics Co (XKRX:080580) Headlines

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