Nara Mold & Die Co (XKRX:051490) Long-Term Capital Lease Obligation : ₩671 Mil (As of Mar. 2024)

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What is Nara Mold & Die Co Long-Term Capital Lease Obligation?

Nara Mold & Die Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩671 Mil.

Nara Mold & Die Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩831 Mil) to Dec. 2023 (₩798 Mil) and declined from Dec. 2023 (₩798 Mil) to Mar. 2024 (₩671 Mil).

Nara Mold & Die Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩1,786 Mil) to Dec. 2022 (₩1,036 Mil) and declined from Dec. 2022 (₩1,036 Mil) to Dec. 2023 (₩798 Mil).

Nara Mold & Die Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nara Mold & Die 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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Nara Mold & Die Co Long-Term Capital Lease Obligation Chart

Nara Mold & Die Co Annual Data

Trend

Dec14

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Dec18

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,538.15

1,954.90

1,785.53

1,035.66

797.65

Nara Mold & Die 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															1,009.16	955.82	830.54	797.65	670.70

Nara Mold & Die Co (XKRX:051490) 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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Nara Mold & Die Co (XKRX:051490) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nara Mold & Die Co Ltd (XKRX:051490) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

50-1, Sungju-dong, Gyeongsangnam-do, Changwon-si, KOR, 641-120

Website

http://www.naramnd.com

Nara Mold & Die Co Ltd is a Korea based company engaged in the business of manufacturing press die and plastic molds. The products offered by the company are for electronic appliances, display, automobiles, and mobile phone. The organization is involved in the business field of High Precision and Large Press Die; Compact Precision and Large Plastic Injection Mold; and Mass production of parts and components. The organization has a business presence in Korea and other countries.

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