Hyosung Heavy Industries Co (XKRX:298040) Long-Term Capital Lease Obligation : ₩11,024 Mil (As of Mar. 2024)

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What is Hyosung Heavy Industries Co Long-Term Capital Lease Obligation?

Hyosung Heavy Industries Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩11,024 Mil.

Hyosung Heavy Industries Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩0 Mil) to Dec. 2023 (₩11,901 Mil) but then declined from Dec. 2023 (₩11,901 Mil) to Mar. 2024 (₩11,024 Mil).

Hyosung Heavy Industries Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩4,256 Mil) to Dec. 2022 (₩6,949 Mil) and increased from Dec. 2022 (₩6,949 Mil) to Dec. 2023 (₩11,901 Mil).

Hyosung Heavy Industries Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hyosung Heavy Industries 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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Hyosung Heavy Industries Co Long-Term Capital Lease Obligation Chart

Hyosung Heavy Industries Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,654.32

9,523.66

4,256.00

6,949.00

11,901.00

Hyosung Heavy Industries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	11,901.00	11,024.00

Hyosung Heavy Industries Co (XKRX:298040) 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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Hyosung Heavy Industries Co (XKRX:298040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hyosung Heavy Industries Co Ltd (XKRX:298040) » Definitions » Long-Term Capital Lease Obligation

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Address

Mapo 119, Mapo-gu, Seoul, KOR, 04144

Website

http://www.hyosungheavyindustries.com

Hyosung Heavy Industries Co Ltd provides technology solutions in the field of heavy electric power and develops industrial machinery. The company is involved in various construction projects such as housing, redevelopment and reconstruction. The company also offers welding solutions, gear solutions, and system and engineering solutions.

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