Yulchon Co (XKRX:146060) Long-Term Capital Lease Obligation : ₩104 Mil (As of Mar. 2024)

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What is Yulchon Co Long-Term Capital Lease Obligation?

Yulchon Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩104 Mil.

Yulchon Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩134 Mil) to Dec. 2023 (₩116 Mil) and declined from Dec. 2023 (₩116 Mil) to Mar. 2024 (₩104 Mil).

Yulchon Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (₩101 Mil) to Dec. 2021 (₩105 Mil) and increased from Dec. 2021 (₩105 Mil) to Dec. 2022 (₩108 Mil).

Yulchon Co Long-Term Capital Lease Obligation Historical Data

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

Yulchon Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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55.00

101.26

105.02

108.09

Yulchon Co Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			108.09	-	134.12	116.18	104.04

Yulchon Co (XKRX:146060) 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.

Yulchon Co Long-Term Capital Lease Obligation Related Terms

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Yulchon Co (XKRX:146060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yulchon Co Ltd (XKRX:146060) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

192, Gongdan 2-daero, Siheung-si, Gyeonggi-do, Seoul, KOR, 15102

Website

http://www.ycpipe.com

Yulchon Co Ltd is a Company engaged in manufacturing of Cold drawing precision steel tubes which is used for automobile parts, heat exchangers, machinery.

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