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Nowcos Co (XKRX:257990) Long-Term Capital Lease Obligation : ₩871 Mil (As of Dec. 2024)


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What is Nowcos Co Long-Term Capital Lease Obligation?

Nowcos Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₩871 Mil.

Nowcos Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (₩119 Mil) to Dec. 2023 (₩718 Mil) and increased from Dec. 2023 (₩718 Mil) to Dec. 2024 (₩871 Mil).

Nowcos Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (₩119 Mil) to Dec. 2023 (₩718 Mil) and increased from Dec. 2023 (₩718 Mil) to Dec. 2024 (₩871 Mil).


Nowcos Co Long-Term Capital Lease Obligation Historical Data

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

Nowcos Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 200.27 146.23 119.15 718.01 870.74

Nowcos Co Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 200.27 146.23 119.15 718.01 870.74

Nowcos Co  (XKRX:257990) 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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Nowcos Co Business Description

Traded in Other Exchanges
N/A
Address
220, Sandan-Gil, Jeonui-myeon, Sejong, KOR
Nowcos Co Ltd is engaged in the manufacturing of cosmetic products with natural oriented materials. The firm produces skincare products, body products, baby products, hair products, makeup products, perfume products, and functional cosmetics.

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