Uracle Co (XKRX:088340) Long-Term Capital Lease Obligation : ₩208 Mil (As of Dec. 2023)

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What is Uracle Co Long-Term Capital Lease Obligation?

Uracle Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩208 Mil.

Uracle Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 (₩265 Mil) to Dec. 2022 (₩54 Mil) but then increased from Dec. 2022 (₩54 Mil) to Dec. 2023 (₩208 Mil).

Uracle Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩265 Mil) to Dec. 2022 (₩54 Mil) but then increased from Dec. 2022 (₩54 Mil) to Dec. 2023 (₩208 Mil).

Uracle Co Long-Term Capital Lease Obligation Historical Data

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

Uracle Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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99.78

549.05

265.41

54.44

208.05

Uracle Co Quarterly Data
	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					99.78	549.05	265.41	54.44	208.05

Uracle Co (XKRX:088340) 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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Uracle Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Uracle Co Ltd (XKRX:088340) » Definitions » Long-Term Capital Lease Obligation

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Address

33, Bongeunsa-ro 108-gil, Gangnam-gu, Seoul, KOR

Website

https://www.uracle.co.kr

Uracle Co Ltd provides a cross-platform development framework for the development of mobile and web applications.

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