Bitnine Co (XKRX:357880) Long-Term Capital Lease Obligation : ₩1,081 Mil (As of Mar. 2024)

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What is Bitnine Co Long-Term Capital Lease Obligation?

Bitnine Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩1,081 Mil.

Bitnine Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩1,339 Mil) to Dec. 2023 (₩1,177 Mil) and declined from Dec. 2023 (₩1,177 Mil) to Mar. 2024 (₩1,081 Mil).

Bitnine Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (₩1 Mil) to Dec. 2021 (₩109 Mil) and increased from Dec. 2021 (₩109 Mil) to Dec. 2022 (₩1,306 Mil).

Bitnine Co Long-Term Capital Lease Obligation Historical Data

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

Bitnine Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

157.59

0.93

108.72

1,305.74

Bitnine Co Quarterly Data
	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									1,606.73	1,455.06	1,339.31	1,177.24	1,081.05

Bitnine Co (XKRX:357880) 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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Bitnine Co (XKRX:357880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitnine Co Ltd (XKRX:357880) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Yangcheon-ro, A 1201 Hangang Xi Tower, Gangseo-gu, Seoul, KOR

Website

https://bitnine.net

Bitnine Co Ltd is a graph technology company that is working in the global market through multi-model database products. Its products include Agence Graph, AG Cloud, Apache AGE, and G-Pass among others.

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