INFOvine CO (XKRX:115310) Long-Term Capital Lease Obligation : ₩145 Mil (As of Mar. 2024)

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What is INFOvine CO Long-Term Capital Lease Obligation?

INFOvine CO's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩145 Mil.

INFOvine CO's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩0 Mil) to Dec. 2023 (₩296 Mil) but then declined from Dec. 2023 (₩296 Mil) to Mar. 2024 (₩145 Mil).

INFOvine CO's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩509 Mil) to Dec. 2022 (₩71 Mil) but then increased from Dec. 2022 (₩71 Mil) to Dec. 2023 (₩296 Mil).

INFOvine CO Long-Term Capital Lease Obligation Historical Data

The historical data trend for INFOvine 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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INFOvine CO Long-Term Capital Lease Obligation Chart

INFOvine CO Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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1,688.59

1,135.31

509.19

70.73

295.98

INFOvine 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															737.44	592.06	-	295.98	145.15

INFOvine CO (XKRX:115310) 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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INFOvine CO (XKRX:115310) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » INFOvine CO LTD (XKRX:115310) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

144 Mapo Street, Tae Young Building, Mapo-Gu, Seoul, KOR, 121-717

Website

http://www.infovine.co.kr

INFOvine CO LTD is engaged in offering mobile phone certificate service and online game business. It is involved in the business areas of UBIKEY, SUPERPASS, and Games/Entertainment. UBIKEY covers mobile phone certificate service that enables to securely sign an electronic certificate when required, such as certificate login, financial transaction, personal authentication, e-commerce payment, and others by storing and issuing an authorized certificate in APP or USIM of the mobile phone. SUPERPASS business includes a service that allows to log in quickly from all sites in Korea and all over the world by dividing and encrypting the ID and password of the site that has been subscribed to, and encrypting it. In Games and Entertainment business, the company creates game and entertainment.

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