Kia (XKRX:000270) Long-Term Capital Lease Obligation : ₩263,030 Mil (As of Dec. 2023)

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What is Kia Long-Term Capital Lease Obligation?

Kia's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩263,030 Mil.

Kia's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₩252,809 Mil) to Sep. 2023 (₩239,570 Mil) but then increased from Sep. 2023 (₩239,570 Mil) to Dec. 2023 (₩263,030 Mil).

Kia's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩221,112 Mil) to Dec. 2022 (₩216,251 Mil) but then increased from Dec. 2022 (₩216,251 Mil) to Dec. 2023 (₩263,030 Mil).

Kia Long-Term Capital Lease Obligation Historical Data

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

Kia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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183,719.00

213,031.00

221,112.00

216,251.00

263,030.00

Kia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															216,251.00	234,199.00	252,809.00	239,570.00	263,030.00

Kia (XKRX:000270) 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.

Kia Long-Term Capital Lease Obligation Related Terms

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Kia (XKRX:000270) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kia Corp (XKRX:000270) » Definitions » Long-Term Capital Lease Obligation

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Address

12 Heolleung-ro, Seocho-gu, Seoul, KOR, 06797

Website

https://www.kia.com

Kia Corp is a Korean motor-vehicle manufacturer. While the company has factories in several countries, the majority of vehicles are manufactured domestically. The company's consolidated revenue is principally derived from the manufacture of passenger vehicles, with another third from recreational vehicles, and a small footprint in commercial vehicles. The three largest individual countries together constitute more than half of total retail sales, with the United States contributing the largest portion, followed closely by China and then Korea.

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