Solus Advanced Materials (XKRX:336370) Long-Term Capital Lease Obligation : ₩20,135 Mil (As of Mar. 2024)

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What is Solus Advanced Materials Long-Term Capital Lease Obligation?

Solus Advanced Materials's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩20,135 Mil.

Solus Advanced Materials's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩21,331 Mil) to Dec. 2023 (₩20,590 Mil) and declined from Dec. 2023 (₩20,590 Mil) to Mar. 2024 (₩20,135 Mil).

Solus Advanced Materials's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩3,621 Mil) to Dec. 2022 (₩3,325 Mil) but then increased from Dec. 2022 (₩3,325 Mil) to Dec. 2023 (₩20,590 Mil).

Solus Advanced Materials Long-Term Capital Lease Obligation Historical Data

The historical data trend for Solus Advanced Materials'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.

* Premium members only.

Solus Advanced Materials Long-Term Capital Lease Obligation Chart

Solus Advanced Materials Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

6,833.58

4,956.70

3,621.48

3,325.14

20,589.85

Solus Advanced Materials Quarterly Data
	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												3,317.01	21,736.45	21,331.42	20,589.85	20,135.41

Solus Advanced Materials (XKRX:336370) 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.

Solus Advanced Materials Long-Term Capital Lease Obligation Related Terms

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Solus Advanced Materials (XKRX:336370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solus Advanced Materials (XKRX:336370) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

33637L.PFD:Korea 33637K:Korea

Address

15, Jong-ro 33-gil, Jongno-gu, 6th Floor, Yeoungang B/D, Seoul, KOR, 03129

Website

https://www.solusadvancedmaterials.com

Solus Advanced Materials is a South Korea based company engaged in providing the copper foil for electronic devices. It also provides Battery copper foil for EV batteries, Electro Materials for mobile and TV and Natural materials for cosmeceutical, pharmaceutical and nutraceutical industries.

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