Kornic Automation Co (XKRX:391710) Long-Term Capital Lease Obligation : ₩0 Mil (As of Mar. 2024)

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What is Kornic Automation Co Long-Term Capital Lease Obligation?

Kornic Automation Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩0 Mil.

Kornic Automation Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩656 Mil) to Dec. 2023 (₩588 Mil) and declined from Dec. 2023 (₩588 Mil) to Mar. 2024 (₩0 Mil).

Kornic Automation Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩257 Mil) to Dec. 2022 (₩299 Mil) and increased from Dec. 2022 (₩299 Mil) to Dec. 2023 (₩588 Mil).

Kornic Automation Co Long-Term Capital Lease Obligation Historical Data

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

Kornic Automation Co Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

256.95

299.23

587.80

Kornic Automation 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							741.62	696.20	655.87	587.80	-

Kornic Automation Co (XKRX:391710) 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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Kornic Automation Co (XKRX:391710) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Kornic Automation Co Ltd (XKRX:391710) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

23-12, Dongtan Sandan 9-gil, 8th Floor, Gyeonggido, Hwaseong-si, KOR

Website

http://www.kornic.co.kr

Kornic Automation Co Ltd is engaged in providing localized software for Semiconductor and Display equipment control solutions.

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