RaemongRaein Co (XKRX:200350) Long-Term Capital Lease Obligation : ₩414 Mil (As of Mar. 2024)

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What is RaemongRaein Co Long-Term Capital Lease Obligation?

RaemongRaein Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩414 Mil.

RaemongRaein Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩569 Mil) to Dec. 2023 (₩492 Mil) and declined from Dec. 2023 (₩492 Mil) to Mar. 2024 (₩414 Mil).

RaemongRaein Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩328 Mil) to Dec. 2022 (₩96 Mil) but then increased from Dec. 2022 (₩96 Mil) to Dec. 2023 (₩492 Mil).

RaemongRaein Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for RaemongRaein 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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RaemongRaein Co Long-Term Capital Lease Obligation Chart

RaemongRaein Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.89

328.01

95.61

492.16

RaemongRaein Co Quarterly Data
	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										70.83	69.51	569.42	492.16	414.34

RaemongRaein Co (XKRX:200350) 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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RaemongRaein Co (XKRX:200350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » RaemongRaein Co Ltd (XKRX:200350) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

729, Eonju-ro, Gangnam-gu, 12th Floor, Masters 729 Building, Seoul, KOR, 06050

Website

http://www.raemongraein.co.kr

RaemongRaein Co Ltd is an entertainment management company. It is engaged in production and broadcast of entertainment management, film, animation, publishing, music, and games. The company's business divisions include drama production division, content planning division, business management division, marketing business division, management business division and music business division.

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