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Manyo Co (XKRX:439090) Long-Term Capital Lease Obligation : ₩506 Mil (As of Mar. 2024)


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What is Manyo Co Long-Term Capital Lease Obligation?

Manyo Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩506 Mil.

Manyo Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩133 Mil) to Dec. 2023 (₩113 Mil) but then increased from Dec. 2023 (₩113 Mil) to Mar. 2024 (₩506 Mil).

Manyo Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩513 Mil) to Dec. 2022 (₩354 Mil) and declined from Dec. 2022 (₩354 Mil) to Dec. 2023 (₩113 Mil).


Manyo Co Long-Term Capital Lease Obligation Historical Data

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

Manyo Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 66.18 803.10 513.09 354.47 113.04

Manyo Co Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - 207.92 133.01 113.04 505.85

Manyo Co  (XKRX:439090) 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.

Manyo Co Long-Term Capital Lease Obligation Related Terms

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Manyo Co (XKRX:439090) Business Description

Traded in Other Exchanges
N/A
Address
518 Gonghang-daero, Deungchon-dong, Gangseo-gu, Seoul, KOR
Manyo Co Ltd operates a cosmetics brand that sells naturalistic and functional skin care products made from natural ingredients. It engages in selling a wide range of products including cleansing, ampoule, essence, lotion, cream, eye cream, and other vegan cosmetics.

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