Dongkuk Steel Mill Co spin off (XKRX:460860) Long-Term Capital Lease Obligation : ₩5,804 Mil (As of Mar. 2024)

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What is Dongkuk Steel Mill Co spin off Long-Term Capital Lease Obligation?

Dongkuk Steel Mill Co spin off's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩5,804 Mil.

Dongkuk Steel Mill Co spin off's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩10,248 Mil) to Dec. 2023 (₩7,919 Mil) and declined from Dec. 2023 (₩7,919 Mil) to Mar. 2024 (₩5,804 Mil).

Dongkuk Steel Mill Co spin off's annual Long-Term Capital Lease Obligation stayed the same from . 20 (₩0 Mil) to . 20 (₩0 Mil) but then increased from . 20 (₩0 Mil) to Dec. 2023 (₩7,919 Mil).

Dongkuk Steel Mill Co spin off Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dongkuk Steel Mill Co spin off'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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Dongkuk Steel Mill Co spin off Long-Term Capital Lease Obligation Chart

Dongkuk Steel Mill Co spin off Annual Data

Trend

Dec23

Long-Term Capital Lease Obligation

7,918.60

Dongkuk Steel Mill Co spin off Quarterly Data
	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	12,243.61	10,248.18	7,918.60	5,804.23

Dongkuk Steel Mill Co spin off (XKRX:460860) 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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Dongkuk Steel Mill Co spin off (XKRX:460860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Dongkuk Steel Mill Co Ltd spin off (XKRX:460860) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

19 Eulji-ro 5-gil, Ferrum Tower, Jung-gu, Seoul, KOR

Website

https://www.dongkuk.com

Dongkuk Steel Mill Co Ltd spin off is a Korean steel company that engages in manufacturing steel products. It produces high-strength and ultra-high-strength reinforcing bars of various standards. It offers H-beams, angles, Reinforcing Bar, Seismic Resistant Bar, and channels, Threaded Bar, and steel plates.

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