Seojeon Electric Machinery Co (XKRX:189860) Long-Term Capital Lease Obligation : ₩145 Mil (As of Mar. 2024)

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What is Seojeon Electric Machinery Co Long-Term Capital Lease Obligation?

Seojeon Electric Machinery Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩145 Mil.

Seojeon Electric Machinery Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩200 Mil) to Dec. 2023 (₩169 Mil) and declined from Dec. 2023 (₩169 Mil) to Mar. 2024 (₩145 Mil).

Seojeon Electric Machinery Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩258 Mil) to Dec. 2022 (₩242 Mil) and declined from Dec. 2022 (₩242 Mil) to Dec. 2023 (₩169 Mil).

Seojeon Electric Machinery Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Seojeon Electric Machinery 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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Seojeon Electric Machinery Co Long-Term Capital Lease Obligation Chart

Seojeon Electric Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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99.72

148.23

258.41

241.86

168.95

Seojeon Electric Machinery 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															201.92	217.65	200.00	168.95	145.09

Seojeon Electric Machinery Co (XKRX:189860) 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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Seojeon Electric Machinery Co (XKRX:189860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Seojeon Electric Machinery Co Ltd (XKRX:189860) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

38-19, Daewol-ro 667beon-gil, Daewol-myeon, Gyeonggi-do, Icheon, KOR, 17401

Website

http://www.sjem.co.kr

Seojeon Electric Machinery Co Ltd is engaged in manufacturing switchboards and electric automatic control panels. The switchboard products offered by the entity include eco-friendly switchboard, special high voltage switchboard, low-voltage switchboard. Motor control panel, MCSG, gas insulated switchgear, Seismic switchgear, rectifier and distribution board for the data center. The other products provided by the company are power control system, smart grid system, electric work and insulation degradation prevention device. In addition, the organization also offers electrical work services.

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