DaeChang Steel Co (XKRX:140520) Long-Term Capital Lease Obligation : ₩129 Mil (As of Dec. 2023)

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What is DaeChang Steel Co Long-Term Capital Lease Obligation?

DaeChang Steel Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩129 Mil.

DaeChang Steel Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₩144 Mil) to Sep. 2023 (₩125 Mil) but then increased from Sep. 2023 (₩125 Mil) to Dec. 2023 (₩129 Mil).

DaeChang Steel Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩100 Mil) to Dec. 2022 (₩133 Mil) but then declined from Dec. 2022 (₩133 Mil) to Dec. 2023 (₩129 Mil).

DaeChang Steel Co Long-Term Capital Lease Obligation Historical Data

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

DaeChang Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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89.47

144.64

100.43

132.51

129.24

DaeChang Steel Co 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															132.51	118.91	143.69	125.49	129.24

DaeChang Steel Co (XKRX:140520) 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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DaeChang Steel Co (XKRX:140520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » DaeChang Steel Co Ltd (XKRX:140520) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

667-6, Gojan-dong Namdong-gu, Incheon, KOR

Website

http://www.dcsteel.com

DaeChang Steel Co Ltd is engaged in manufacturing and marketing of steel sheet, steel panels, and access floors. The company stores and process steel products, manufacture wire ropes. It is also involved in real estate leasing service, trade and construction.

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