Ajusteel Co (XKRX:139990) Long-Term Capital Lease Obligation : ₩864 Mil (As of Mar. 2024)

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What is Ajusteel Co Long-Term Capital Lease Obligation?

Ajusteel Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩864 Mil.

Ajusteel Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩726 Mil) to Dec. 2023 (₩965 Mil) but then declined from Dec. 2023 (₩965 Mil) to Mar. 2024 (₩864 Mil).

Ajusteel Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩254 Mil) to Dec. 2022 (₩400 Mil) and increased from Dec. 2022 (₩400 Mil) to Dec. 2023 (₩965 Mil).

Ajusteel Co Long-Term Capital Lease Obligation Historical Data

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

Ajusteel Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

528.49

401.96

254.07

399.92

965.47

Ajusteel Co Quarterly Data
	Mar20	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											762.84	727.55	726.39	965.47	863.88

Ajusteel Co (XKRX:139990) 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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Ajusteel Co (XKRX:139990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ajusteel Co Ltd (XKRX:139990) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

321, 4-gongdan-ro, Gumi, Gyeongsangbuk-do, KOR

Website

http://www.ajusteel.com

Ajusteel Co Ltd is a steel company in Korea. It owns the full spectrum of manufacturing methods for designing steel surfaces. Its products include Texteel, SUSlike, Silk, pMCCL, Atex among others.

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