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Innovex Co (XKRX:279060) Long-Term Capital Lease Obligation : ₩56 Mil (As of Dec. 2024)


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What is Innovex Co Long-Term Capital Lease Obligation?

Innovex Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₩56 Mil.

Innovex Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (₩172 Mil) to Dec. 2023 (₩68 Mil) and declined from Dec. 2023 (₩68 Mil) to Dec. 2024 (₩56 Mil).

Innovex Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (₩172 Mil) to Dec. 2023 (₩68 Mil) and declined from Dec. 2023 (₩68 Mil) to Dec. 2024 (₩56 Mil).


Innovex Co Long-Term Capital Lease Obligation Historical Data

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

Innovex Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 74.92 187.28 171.61 68.04 56.49

Innovex Co Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 74.92 187.28 171.61 68.04 56.49

Innovex Co  (XKRX:279060) 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.

Innovex Co Long-Term Capital Lease Obligation Related Terms

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Innovex Co Business Description

Traded in Other Exchanges
N/A
Address
3, Cheongmyeongnam-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, KOR, 16704
Innovex Co Ltd is involved in providing technology related solutions for advertising. It provides Tunnel Advertising System which is an imaging system which creates advertisement screens on the dark side of tunnel with LED bars installed on the wall of the tunnel. The company also provides others solutions including Spin TV, Wing TV and DDM.

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