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Gilgyo E&C Co (XKRX:456700) Long-Term Capital Lease Obligation : ₩388 Mil (As of Dec. 2023)


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What is Gilgyo E&C Co Long-Term Capital Lease Obligation?

Gilgyo E&C Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩388 Mil.

Gilgyo E&C Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 (₩567 Mil) to Dec. 2022 (₩258 Mil) but then increased from Dec. 2022 (₩258 Mil) to Dec. 2023 (₩388 Mil).

Gilgyo E&C Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩567 Mil) to Dec. 2022 (₩258 Mil) but then increased from Dec. 2022 (₩258 Mil) to Dec. 2023 (₩388 Mil).

Gilgyo E&C Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gilgyo E&C 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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Gilgyo E&C Co Long-Term Capital Lease Obligation Chart

Gilgyo E&C Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 743.03 781.18 566.84 258.21 387.74

Gilgyo E&C Co Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 743.03 781.18 566.84 258.21 387.74

Gilgyo E&C Co  (XKRX:456700) 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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Gilgyo E&C Co (XKRX:456700) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Gilgyo E&C Co Ltd (XKRX:456700) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
Traded in Other Exchanges
N/A
Address
306 Cheolcheol-ro, Nam-gu, Gyeongsangbuk-do, Pohang-si, KOR
Website
http://www.Gilgyo.com
Gilgyo E&C Co Ltd operates in the design and construction of bridges. It designs, manufactures, and installation of steel composite ramen bridges, girder bridges, and monolithic bridges.

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