Hanryu Holdings (Hanryu Holdings) Long-Term Capital Lease Obligation : $0.03 Mil (As of Sep. 2023)

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What is Hanryu Holdings Long-Term Capital Lease Obligation?

Hanryu Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.03 Mil.

Hanryu Holdings's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2023 ($0.00 Mil) to Jun. 2023 ($0.00 Mil) but then increased from Jun. 2023 ($0.00 Mil) to Sep. 2023 ($0.03 Mil).

Hanryu Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hanryu Holdings'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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Hanryu Holdings Long-Term Capital Lease Obligation Chart

Hanryu Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

Hanryu Holdings Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					-	-	-	-	0.03

Hanryu Holdings (NAS:HRYU) 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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Hanryu Holdings (Hanryu Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Hanryu Holdings Inc (NAS:HRYU) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

160, Yeouiseo-ro, Yeongdeungpo-gu, Seoul, KOR, 07231

Website

https://www.hanryuholdings.com

Hanryu Holdings Inc is the creator of the engaging and innovative social media platform, FANTOO. FANTOO connects users around the world that share similar interests by providing distinctive service offerings, technologies, applications, and websites. Through FANTOO, it provides a global multi-media platform for its users to interact with other like-minded users, to share their appreciation of various types of entertainment and cultures, create their own content, enjoy other users' content, engage in commerce.