Wing Yip Food Holdings Group (XKRX:900340) Long-Term Capital Lease Obligation : ₩446 Mil (As of Sep. 2024)

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What is Wing Yip Food Holdings Group Long-Term Capital Lease Obligation?

Wing Yip Food Holdings Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩446 Mil.

Wing Yip Food Holdings Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (₩309 Mil) to Jun. 2024 (₩308 Mil) but then increased from Jun. 2024 (₩308 Mil) to Sep. 2024 (₩446 Mil).

Wing Yip Food Holdings Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩487 Mil) to Dec. 2022 (₩328 Mil) but then increased from Dec. 2022 (₩328 Mil) to Dec. 2023 (₩359 Mil).

Wing Yip Food Holdings Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wing Yip Food Holdings Group'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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Wing Yip Food Holdings Group Long-Term Capital Lease Obligation Chart

Wing Yip Food Holdings Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,069.90

1,126.48

486.73

327.98

359.15

Wing Yip Food Holdings Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															282.49	359.15	309.48	307.52	445.83

Wing Yip Food Holdings Group (XKRX:900340) 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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Wing Yip Food Holdings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wing Yip Food Holdings Group Ltd (XKRX:900340) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

WYHG:USA

Address

No. 9, Guanxian North Road, Yushan Village, Huangbu Town, Guangdong Province, Zhongshan, CHN

Website

http://www.wingyip-food.com

Wing Yip Food Holdings Group Ltd is a meat producer. The company is mainly engaged in offering ready to eat and packaged meat dishes. Its product offerings include supreme crispy sausage, fully thin sausage, Chinese sausage, Dongguan Erba sausage, yellow scorpion sausage, alcohol sausage, and meat chop.

Wing Yip Food Holdings Group Headlines

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