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Novomics Co (XKRX:283100) Long-Term Capital Lease Obligation : ₩208.4 Mil (As of Dec. 2024)


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What is Novomics Co Long-Term Capital Lease Obligation?

Novomics Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₩208.4 Mil.

Novomics Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (₩390.8 Mil) to Dec. 2023 (₩107.7 Mil) but then increased from Dec. 2023 (₩107.7 Mil) to Dec. 2024 (₩208.4 Mil).

Novomics Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (₩390.8 Mil) to Dec. 2023 (₩107.7 Mil) but then increased from Dec. 2023 (₩107.7 Mil) to Dec. 2024 (₩208.4 Mil).


Novomics Co Long-Term Capital Lease Obligation Historical Data

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

Novomics Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 1,011.76 661.05 390.83 107.67 208.38

Novomics Co Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 1,011.76 661.05 390.83 107.67 208.38

Novomics Co  (XKRX:283100) 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.

Novomics Co Long-Term Capital Lease Obligation Related Terms

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Novomics Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
171 Dangsan-ro, 304, 305, 306, 306-1, Yeongdeungpo-gu, Seoul, KOR
Novomics Co Ltd is a developer of a molecular diagnosis system for cancer treatment.

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