GITSN (XKRX:289860) Long-Term Capital Lease Obligation : ₩1,347 Mil (As of Dec. 2024)

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What is GITSN Long-Term Capital Lease Obligation?

GITSN's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₩1,347 Mil.

GITSN's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (₩656 Mil) to Dec. 2023 (₩473 Mil) but then increased from Dec. 2023 (₩473 Mil) to Dec. 2024 (₩1,347 Mil).

GITSN's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (₩656 Mil) to Dec. 2023 (₩473 Mil) but then increased from Dec. 2023 (₩473 Mil) to Dec. 2024 (₩1,347 Mil).

GITSN Long-Term Capital Lease Obligation Historical Data

The historical data trend for GITSN'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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GITSN Long-Term Capital Lease Obligation Chart

GITSN Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

770.85

656.35

473.07

1,346.67

GITSN Semi-Annual Data
	Dec21	Dec22	Dec23	Dec24
Long-Term Capital Lease Obligation	770.85	656.35	473.07	1,346.67

GITSN (XKRX:289860) 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.

GITSN Long-Term Capital Lease Obligation Related Terms

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GITSN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GITSN Inc (XKRX:289860) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 601, 602, 604, and 605, 288, Digital-ro, Guro-gu, Seoul, KOR, 08390

Website

https://www.gitsn.com

GITSN Inc is a high-tech security technology company. It is engaged in researching and producing security solutions to protect customers against high-tech security threats such as eavesdropping and illegal photography that disrupt daily lives. The company has developed and released a Wireless Hacking Detection System that protects the country and corporations against spy chips. It products include Intelligent eavesdropping detection system, wireless hacking detecting system and portable radio frequency detector.

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