IMT Co (XKRX:451220) Long-Term Capital Lease Obligation : ₩787 Mil (As of Sep. 2024)

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What is IMT Co Long-Term Capital Lease Obligation?

IMT Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩787 Mil.

IMT Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (₩402 Mil) to Jun. 2024 (₩387 Mil) but then increased from Jun. 2024 (₩387 Mil) to Sep. 2024 (₩787 Mil).

IMT Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩429 Mil) to Dec. 2022 (₩190 Mil) and declined from Dec. 2022 (₩190 Mil) to Dec. 2023 (₩31 Mil).

IMT Co Long-Term Capital Lease Obligation Historical Data

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

IMT Co Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

429.22

190.00

30.80

IMT Co Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				37.57	30.80	401.85	387.12	786.91

IMT Co (XKRX:451220) 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.

IMT Co Long-Term Capital Lease Obligation Related Terms

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IMT Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IMT Co Ltd (XKRX:451220) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

8th floor, Building 1, 306 Sinwon-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, KOR

Website

http://www.imt-c.co.kr

IMT Co Ltd is a company engaged in engaged in dry cleaning equipment business, EUV mask laser application equipment business, and parts business. Their dry-cleaning technology is applied on producing high-tech products such as semiconductor, display, smart phone and etc.

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