Konan Technology (XKRX:402030) Long-Term Capital Lease Obligation : ₩1,788 Mil (As of Mar. 2024)

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What is Konan Technology Long-Term Capital Lease Obligation?

Konan Technology's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩1,788 Mil.

Konan Technology's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩2,127 Mil) to Dec. 2023 (₩2,017 Mil) and declined from Dec. 2023 (₩2,017 Mil) to Mar. 2024 (₩1,788 Mil).

Konan Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (₩480 Mil) to Dec. 2021 (₩96 Mil) but then increased from Dec. 2021 (₩96 Mil) to Dec. 2022 (₩489 Mil).

Konan Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Konan Technology'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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Konan Technology Long-Term Capital Lease Obligation Chart

Konan Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

858.17

479.51

96.04

489.32

Konan Technology Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							1,345.05	2,446.74	2,126.98	2,016.68	1,787.99

Konan Technology (XKRX:402030) 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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Konan Technology (XKRX:402030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Konan Technology Inc (XKRX:402030) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Daeryung Seocho Tower, 327, 6th and 7th Floor, Gangnam-daero, Seocho-gu, Seoul, KOR, 137-751

Website

https://www.konantech.com

Konan Technology Inc provides the smartest search/analysis/recommendation software and data service based on language and multimedia analysis technology. Its solutions comprise Crawler Solution, Analysis Solution, Search Solution, Content Management Solution, Mobile Solution.

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