PIM Korea Co (XKRX:448900) Long-Term Capital Lease Obligation : ₩0 Mil (As of . 20)

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What is PIM Korea Co Long-Term Capital Lease Obligation?

PIM Korea Co's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₩0 Mil.

PIM Korea Co's annual Long-Term Capital Lease Obligation stayed the same from . 20 (₩0 Mil) to . 20 (₩0 Mil) but then increased from . 20 (₩0 Mil) to Dec. 2022 (₩85 Mil).

PIM Korea Co Long-Term Capital Lease Obligation Historical Data

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

PIM Korea Co Annual Data

Trend

Dec22

Long-Term Capital Lease Obligation

84.52

PIM Korea Co Quarterly Data

Long-Term Capital Lease Obligation

PIM Korea Co (XKRX:448900) 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.

PIM Korea Co Long-Term Capital Lease Obligation Related Terms

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PIM Korea Co (XKRX:448900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PIM Korea Co Ltd (XKRX:448900) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

26, Secheon-ro 8-gil, Dasa-eup, Dalseong-gun, Daegu, KOR, 42921

Website

https://www.pimkorea.com/ko

PIM Korea Co Ltd is a global company specializing in parts and materials. It is involved in lead metal powder injection, centrifugal casting, and processing methods and strive to build state-of-the-art facilities and develop new technologies to continuously promote new businesses and lead new trends in the parts business with differentiated strategies.

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