CTR Mobility Co (XKRX:308170) Long-Term Capital Lease Obligation : ₩519 Mil (As of Sep. 2024)

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What is CTR Mobility Co Long-Term Capital Lease Obligation?

CTR Mobility Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩519 Mil.

CTR Mobility Co's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (₩490 Mil) to Jun. 2024 (₩573 Mil) but then declined from Jun. 2024 (₩573 Mil) to Sep. 2024 (₩519 Mil).

CTR Mobility Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩145 Mil) to Dec. 2022 (₩75 Mil) but then increased from Dec. 2022 (₩75 Mil) to Dec. 2023 (₩557 Mil).

CTR Mobility Co Long-Term Capital Lease Obligation Historical Data

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

CTR Mobility Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5,070.59

1,517.00

144.96

75.14

557.20

CTR Mobility Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															316.28	557.20	489.89	572.94	518.72

CTR Mobility Co (XKRX:308170) 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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CTR Mobility Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CTR Mobility Co Ltd (XKRX:308170) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

115, Modular Industrial Road, Buk-gu, Ulsan, KOR

Website

https://www.centralmotek.co.kr

CTR Mobility Co Ltd is engaged in the auto parts business. It produces and delivers drives, suspensions. Its products include Clutch, axle, transmission, gears, propulsion shaft, differential gear, Axle, Control Arm, String Spring, Shock Observer, and Stabilizer.

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