Fashion Platform Co (XKRX:225590) Long-Term Capital Lease Obligation : ₩127 Mil (As of Jun. 2024)

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What is Fashion Platform Co Long-Term Capital Lease Obligation?

Fashion Platform Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₩127 Mil.

Fashion Platform Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (₩256 Mil) to Mar. 2024 (₩134 Mil) and declined from Mar. 2024 (₩134 Mil) to Jun. 2024 (₩127 Mil).

Fashion Platform Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩421 Mil) to Dec. 2022 (₩209 Mil) but then increased from Dec. 2022 (₩209 Mil) to Dec. 2023 (₩256 Mil).

Fashion Platform Co Long-Term Capital Lease Obligation Historical Data

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

Fashion Platform Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,254.46

1,637.89

421.11

208.95

256.09

Fashion Platform Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4,771.87	4,262.52	256.09	133.83	126.82

Fashion Platform Co (XKRX:225590) 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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Fashion Platform Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fashion Platform Co Ltd (XKRX:225590) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

International Finance in 8-Way 16, 8th street, Seoul, KOR

Website

http://www.shinyoung.com

Fashion Platform Co Ltd, formerly Shinyoung HappyTomorrow No.2 Special Purpose Acquisition Co, is a special purpose acquisition company.

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