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Angel Robotics Co (XKRX:455900) Long-Term Capital Lease Obligation : ₩298 Mil (As of Mar. 2024)


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What is Angel Robotics Co Long-Term Capital Lease Obligation?

Angel Robotics Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩298 Mil.

Angel Robotics Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩262 Mil) to Dec. 2023 (₩187 Mil) but then increased from Dec. 2023 (₩187 Mil) to Mar. 2024 (₩298 Mil).

Angel Robotics Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩719 Mil) to Dec. 2022 (₩483 Mil) and declined from Dec. 2022 (₩483 Mil) to Dec. 2023 (₩187 Mil).


Angel Robotics Co Long-Term Capital Lease Obligation Historical Data

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

Angel Robotics Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- 719.40 482.83 187.35

Angel Robotics Co Quarterly Data
Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 482.83 - 261.52 187.35 298.06

Angel Robotics Co  (XKRX:455900) 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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Angel Robotics Co (XKRX:455900) Business Description

Industry
Comparable Companies
Traded in Other Exchanges
N/A
Address
37, Seongsui-ro 22-gil, Seongdong-gu, Rooms 1405-1407, 14th floor, Seoul, KOR
Angel Robotics Co Ltd is a company which is engaged in the business of researching, developing, manufacturing, and selling intelligent wearable robots. It manufactures and sell their core products, angel MEDI (wearable robot specializing in rehabilitation medicine), angel GEAR (industrial wearable robot), angel SUIT (wearable robot for daily life assistance), and angel KIT (core robot parts such as motor drivers and smart actuators). The company is engaged in business such as research and development services for wearable robots for defense purposes.

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