Hankook (XKRX:000240) Long-Term Capital Lease Obligation : ₩18,999 Mil (As of Mar. 2024)

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What is Hankook Long-Term Capital Lease Obligation?

Hankook's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩18,999 Mil.

Hankook's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩18,570 Mil) to Dec. 2023 (₩19,386 Mil) but then declined from Dec. 2023 (₩19,386 Mil) to Mar. 2024 (₩18,999 Mil).

Hankook's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩24,320 Mil) to Dec. 2022 (₩20,569 Mil) and declined from Dec. 2022 (₩20,569 Mil) to Dec. 2023 (₩19,386 Mil).

Hankook Long-Term Capital Lease Obligation Historical Data

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

Hankook Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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25,825.88

24,319.99

20,569.25

19,386.02

Hankook 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															20,238.28	19,365.67	18,569.87	19,386.02	18,999.43

Hankook (XKRX:000240) 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.

Hankook Long-Term Capital Lease Obligation Related Terms

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Hankook (XKRX:000240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hankook & Co (XKRX:000240) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

133 Teheran-ro, Gangnam-gu, Seoul, KOR

Website

https://www.hankookandcompany.com

Hankook & Co formerly Hankook Technology Group Co Ltd manufactures and sells a variety of tires under the Hankook, Laufenn, Aurora, and Kingstar brand names. The firm's tires are used for passenger cars, suburban utility vehicles and light trucks, commercial trucks and buses, and race cars. Hankook Tire sells tires directly to automobile manufacturers and for replacement and aftermarket use. The majority of sales come from replacement and aftermarket use. More revenue comes from Europe than any other geography, followed by the Americas region.

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