Creverse (XKRX:096240) Long-Term Capital Lease Obligation : ₩18,670 Mil (As of Dec. 2023)

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What is Creverse Long-Term Capital Lease Obligation?

Creverse's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩18,670 Mil.

Creverse's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (₩0 Mil) to Sep. 2023 (₩0 Mil) but then increased from Sep. 2023 (₩0 Mil) to Dec. 2023 (₩18,670 Mil).

Creverse's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩22,305 Mil) to Dec. 2022 (₩20,659 Mil) and declined from Dec. 2022 (₩20,659 Mil) to Dec. 2023 (₩18,670 Mil).

Creverse Long-Term Capital Lease Obligation Historical Data

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

Creverse Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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11,728.21

11,251.27

22,304.92

20,659.24

18,670.27

Creverse 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															20,659.24	-	-	-	18,670.27

Creverse (XKRX:096240) 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.

Creverse Long-Term Capital Lease Obligation Related Terms

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Creverse (XKRX:096240) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Creverse Inc (XKRX:096240) » Definitions » Long-Term Capital Lease Obligation

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Address

521, Teheran-ro, Gangnam-gu, 21Floor, Parnas Tower, Samseong-dong, Seoul, KOR, 135-953

Website

https://www.chungdahm.com

Creverse Inc, formerly Chungdahm Learning Inc runs ESL institute biz, ESL contents biz, and online teaching biz. It began Chengdam English Institute Franchise biz in 2004, went into public (KOSDAQ) in 2008, and developed smart learning service with SK Telecom in 2011.

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