Egtronics Co (XKRX:377330) Long-Term Capital Lease Obligation : ₩351 Mil (As of Dec. 2023)

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What is Egtronics Co Long-Term Capital Lease Obligation?

Egtronics Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩351 Mil.

Egtronics Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₩169 Mil) to Sep. 2023 (₩154 Mil) but then increased from Sep. 2023 (₩154 Mil) to Dec. 2023 (₩351 Mil).

Egtronics Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩52 Mil) to Dec. 2022 (₩134 Mil) and increased from Dec. 2022 (₩134 Mil) to Dec. 2023 (₩351 Mil).

Egtronics Co Long-Term Capital Lease Obligation Historical Data

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

Egtronics Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

122.38

128.80

52.48

134.16

350.92

Egtronics Co Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									134.16	186.18	169.30	153.54	350.92

Egtronics Co (XKRX:377330) 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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Egtronics Co (XKRX:377330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Egtronics Co Ltd (XKRX:377330) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

63-100, Geumgok-ro 163 beon-gil, Gyeonggi-do, Hwaseong-si, KOR, 63-100

Website

http://www.egtronics.com

Egtronics Co Ltd is focused on communication power supplies and their technologies. The product portfolio of the company DC-DC Converter, Driving Inverter, Auxiliary Inverter, Generator controller, Multi-Voltage Output PSU for Optical Repeater, Communication environmental monitoring devices and Light-train non-contact charger.

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