Virnect Co (XKRX:438700) Long-Term Capital Lease Obligation : ₩640 Mil (As of Mar. 2025)

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What is Virnect Co Long-Term Capital Lease Obligation?

Virnect Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ₩640 Mil.

Virnect Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (₩657 Mil) to Dec. 2024 (₩659 Mil) but then declined from Dec. 2024 (₩659 Mil) to Mar. 2025 (₩640 Mil).

Virnect Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (₩964 Mil) to Dec. 2023 (₩760 Mil) and declined from Dec. 2023 (₩760 Mil) to Dec. 2024 (₩659 Mil).

Virnect Co Long-Term Capital Lease Obligation Historical Data

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

Virnect Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

187.23

964.06

759.54

659.01

Virnect Co Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								772.30	701.40	656.69	659.01	639.90

Virnect Co (XKRX:438700) 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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Virnect Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Virnect Co Ltd (XKRX:438700) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

10-15, Hangang-daero 7-gil, Vernect Experience Center, Yongsan-gu, Seoul, KOR

Website

https://www.virnect.com

Virnect Co Ltd is a technology company that leads XR technology trends and specializes in developing XR solutions that can solve problems in the industrial field. It provides products and services for 3D real-time visualization, virtual and augmented reality, remote monitoring and operation, and telecommunication access. Its product offering comprises VIRNECT Remote, VIRNECT Make, VIRNECT View, VIRNECT Twin, VIRNECT Track, and XR Devices.

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