Chungdam Global Co (XKRX:362320) Long-Term Capital Lease Obligation : ₩544 Mil (As of Mar. 2024)

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What is Chungdam Global Co Long-Term Capital Lease Obligation?

Chungdam Global Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩544 Mil.

Chungdam Global Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩748 Mil) to Dec. 2023 (₩584 Mil) and declined from Dec. 2023 (₩584 Mil) to Mar. 2024 (₩544 Mil).

Chungdam Global Co's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (₩238 Mil) to Dec. 2021 (₩52 Mil) but then increased from Dec. 2021 (₩52 Mil) to Dec. 2022 (₩1,116 Mil).

Chungdam Global Co Long-Term Capital Lease Obligation Historical Data

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

Chungdam Global Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

18.34

237.74

51.89

1,115.81

Chungdam Global Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							1,081.29	952.88	747.80	583.85	544.06

Chungdam Global Co (XKRX:362320) 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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Chungdam Global Co (XKRX:362320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chungdam Global Co Ltd (XKRX:362320) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rm. 2401, Building B, Songdo Centroad Office, 23, Incheon tower-daero, Yeonsu-gu, Incheon, KOR

Website

http://www.chungdamgroup.com

Chungdam Global Co Ltd operates as a distributor that offers a total value distribution platform, which streamlined marketing and distribution for brand lands of high-potential products. It offers cosmetics like Toner, Cream, Serum, Mask, among other.

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