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Woojin Ntec (XKRX:457550) Long-Term Capital Lease Obligation : ₩1,273 Mil (As of Mar. 2024)


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What is Woojin Ntec Long-Term Capital Lease Obligation?

Woojin Ntec's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩1,273 Mil.

Woojin Ntec's quarterly Long-Term Capital Lease Obligation stayed the same from . 20 (₩0 Mil) to Mar. 2023 (₩0 Mil) but then increased from Mar. 2023 (₩0 Mil) to Mar. 2024 (₩1,273 Mil).

Woojin Ntec's annual Long-Term Capital Lease Obligation increased from . 20 (₩0 Mil) to Dec. 2022 (₩1,323 Mil) but then declined from Dec. 2022 (₩1,323 Mil) to Dec. 2023 (₩1,312 Mil).


Woojin Ntec Long-Term Capital Lease Obligation Historical Data

The historical data trend for Woojin Ntec'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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Woojin Ntec Long-Term Capital Lease Obligation Chart

Woojin Ntec Annual Data
Trend Dec22 Dec23
Long-Term Capital Lease Obligation
1,322.71 1,312.10

Woojin Ntec Quarterly Data
Mar23 Mar24
Long-Term Capital Lease Obligation - 1,272.68

Woojin Ntec  (XKRX:457550) 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.

Woojin Ntec Long-Term Capital Lease Obligation Related Terms

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Woojin Ntec (XKRX:457550) Business Description

Industry
Comparable Companies
Traded in Other Exchanges
N/A
Address
24-1 Dongtanyeok-ro, Hwaseong-si, KOR
Woojin Ntec Inc is a power generation facility maintenance company that provides the best comprehensive solutions through nuclear and thermal power plant measurement and control facility maintenance industry, power plant facility diagnosis, performance improvement, and research and development.

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