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SK Innovation Co (XKRX:096775) Long-Term Capital Lease Obligation : ₩0 Mil (As of Mar. 2024)


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What is SK Innovation Co Long-Term Capital Lease Obligation?

SK Innovation Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩0 Mil.

SK Innovation Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩1,272,416 Mil) to Dec. 2023 (₩1,199,966 Mil) and declined from Dec. 2023 (₩1,199,966 Mil) to Mar. 2024 (₩0 Mil).

SK Innovation Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩1,353,294 Mil) to Dec. 2022 (₩1,366,660 Mil) but then declined from Dec. 2022 (₩1,366,660 Mil) to Dec. 2023 (₩1,199,966 Mil).


SK Innovation Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for SK Innovation 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.

* Premium members only.

SK Innovation Co Long-Term Capital Lease Obligation Chart

SK Innovation Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 937,875.54 882,417.54 1,353,293.79 1,366,659.66 1,199,965.51

SK Innovation 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,329,892.36 1,308,028.02 1,272,416.45 1,199,965.51 -

SK Innovation Co  (XKRX:096775) 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.

SK Innovation Co Long-Term Capital Lease Obligation Related Terms

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SK Innovation Co (XKRX:096775) Business Description

Industry
Traded in Other Exchanges
Address
SK Building, 26, Jong-ro, Jongno-gu, Seoul, KOR
SK Innovation Co Ltd is a global energy and chemical company. It operates in petroleum production, refining, chemicals, and lubricants. Operations are divided into four segments: Petroleum, Petrochemicals, Lubricants, and Others. The Petroleum segment provides majority of the revenue for the group. SK engages in exploration and production activities around the world. Petroleum products like gasoline, diesel, and asphalt are produced at its refineries in Korea. The business has a network of gas stations with a paid membership service. Additional subsidiaries under the Petroleum segment provide customized service information for freight truck business operators and a website for enterprise customers of SK Energy.

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