NewFlex Technology Co (XKRX:085670) Long-Term Capital Lease Obligation : ₩12 Mil (As of Mar. 2024)

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What is NewFlex Technology Co Long-Term Capital Lease Obligation?

NewFlex Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩12 Mil.

NewFlex Technology Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩25 Mil) to Dec. 2023 (₩17 Mil) and declined from Dec. 2023 (₩17 Mil) to Mar. 2024 (₩12 Mil).

NewFlex Technology Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩30 Mil) to Dec. 2022 (₩42 Mil) but then declined from Dec. 2022 (₩42 Mil) to Dec. 2023 (₩17 Mil).

NewFlex Technology Co Long-Term Capital Lease Obligation Historical Data

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

NewFlex Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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44.19

38.43

29.80

41.82

16.58

NewFlex Technology 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															36.97	33.04	24.73	16.58	11.79

NewFlex Technology Co (XKRX:085670) 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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NewFlex Technology Co (XKRX:085670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NewFlex Technology Co Ltd (XKRX:085670) » Definitions » Long-Term Capital Lease Obligation

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Address

603-4 Banwoul Industry Complex, 1055 Shingil-dong, Danwon-gu, Ansan, Gyeonggi, KOR, 425-839

Website

http://www.newflex.co.kr

NewFlex Technology Co Ltd is involved in manufacturing and selling flexible printed circuit boards products in South Korea. The company offers single side, double side, multi-layer, rigid, and build-up and IVH flexible printed circuit boards, as well as metal, printed circuit boards. Its products are primarily used in mobile, LED, and IT parts.

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