Seojin Automotive Co (XKRX:122690) Long-Term Capital Lease Obligation : ₩12,639 Mil (As of Mar. 2024)

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What is Seojin Automotive Co Long-Term Capital Lease Obligation?

Seojin Automotive Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩12,639 Mil.

Seojin Automotive Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩12,478 Mil) to Dec. 2023 (₩12,906 Mil) but then declined from Dec. 2023 (₩12,906 Mil) to Mar. 2024 (₩12,639 Mil).

Seojin Automotive Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩1,883 Mil) to Dec. 2022 (₩3,424 Mil) and increased from Dec. 2022 (₩3,424 Mil) to Dec. 2023 (₩12,906 Mil).

Seojin Automotive Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Seojin Automotive Co'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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Seojin Automotive Co Long-Term Capital Lease Obligation Chart

Seojin Automotive Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,064.02

1,196.16

1,882.75

3,423.69

12,906.03

Seojin Automotive Co 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															4,224.90	3,899.66	12,477.54	12,906.03	12,639.28

Seojin Automotive Co (XKRX:122690) 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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Seojin Automotive Co (XKRX:122690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Seojin Automotive Co Ltd (XKRX:122690) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1280-9 Jungwang-Dong, Siheung City, Kyunggi-Do, KOR, 140-892

Website

http://www.secoclutch.com

Seojin Automotive Co Ltd produces, supplies, and sells automobile clutches and components. Its products include clutch covers, discs, and facings; fly wheels; release bearings for passenger cars and commercial vehicles; and automatic transmission parts, including wet clutches, break bands, separator plates, lockup dumpers, drive plates, park pawls, signal plates, spring packs, drums, and disk jets.

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