Woori Financial Group (Woori Financial Group) Long-Term Capital Lease Obligation : $256 Mil (As of Dec. 2023)

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What is Woori Financial Group Long-Term Capital Lease Obligation?

Woori Financial Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $256 Mil.

Woori Financial Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($244 Mil) to Sep. 2023 ($0 Mil) but then increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($256 Mil).

Woori Financial Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($290 Mil) to Dec. 2022 ($247 Mil) but then increased from Dec. 2022 ($247 Mil) to Dec. 2023 ($256 Mil).

Woori Financial Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Woori Financial 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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Woori Financial Group Long-Term Capital Lease Obligation Chart

Woori Financial Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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356.72

372.50

289.90

246.73

256.41

Woori Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															246.73	242.88	243.99	-	256.41

Woori Financial Group (NYSE:WF) 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.

Woori Financial Group Long-Term Capital Lease Obligation Related Terms

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Woori Financial Group (Woori Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Woori Financial Group Inc (NYSE:WF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

316140:Korea

Address

51, Sogong-ro, Jung-gu, Seoul, KOR, 04632

Website

https://www.woorifg.com

Woori is one of Korea's four largest commercial banking groups. It was formed in 2001 through the merger of several financially troubled banks affected by the Asian financial crisis and became temporarily 100% government-owned after a bailout. It had been the largest banking group by assets but is now number four after the government required the sale of a number of subsidiaries in 2014 in an effort to recoup taxpayer money. The government has completed the process of fully divesting itself of Woori, with Korea Deposit Insurance selling its final 1.2% stake in late 2023.

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