KG Dongbusteel (XKRX:016380) Long-Term Capital Lease Obligation : ₩10,573 Mil (As of Mar. 2024)

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What is KG Dongbusteel Long-Term Capital Lease Obligation?

KG Dongbusteel's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩10,573 Mil.

KG Dongbusteel's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩12,863 Mil) to Dec. 2023 (₩11,838 Mil) and declined from Dec. 2023 (₩11,838 Mil) to Mar. 2024 (₩10,573 Mil).

KG Dongbusteel's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩13,880 Mil) to Dec. 2022 (₩9,558 Mil) but then increased from Dec. 2022 (₩9,558 Mil) to Dec. 2023 (₩11,838 Mil).

KG Dongbusteel Long-Term Capital Lease Obligation Historical Data

The historical data trend for KG Dongbusteel'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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KG Dongbusteel Long-Term Capital Lease Obligation Chart

KG Dongbusteel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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23,168.93

18,754.96

13,880.25

9,558.23

11,838.04

KG Dongbusteel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8,751.82	14,049.66	12,863.13	11,838.04	10,573.25

KG Dongbusteel (XKRX:016380) 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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KG Dongbusteel (XKRX:016380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » KG Dongbusteel (XKRX:016380) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Seoul Square Building, 416, Hangang-daero, 7th Floor, Jung-gu, Seoul, KOR, 3450-8178

Website

http://www.dongbusteel.co.kr

KG Dongbusteel is a Korea based company engaged in manufacturing of steel products. It serves automobile, electronics, and construction industry. The company offers various steel products including hot-rolled steel sheet, cold rolled steel sheet, galvanized steel sheet, pre-coated metal sheet, tin plate, tin free steel, pipe, H-beam and pre-engineered metal building systems.

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