Namsung (XKRX:004270) Long-Term Capital Lease Obligation : ₩180 Mil (As of Mar. 2024)

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What is Namsung Long-Term Capital Lease Obligation?

Namsung's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩180 Mil.

Namsung's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩284 Mil) to Dec. 2023 (₩874 Mil) but then declined from Dec. 2023 (₩874 Mil) to Mar. 2024 (₩180 Mil).

Namsung's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩1,524 Mil) to Dec. 2022 (₩671 Mil) but then increased from Dec. 2022 (₩671 Mil) to Dec. 2023 (₩874 Mil).

Namsung Long-Term Capital Lease Obligation Historical Data

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

Namsung Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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289.67

1,523.64

671.08

874.38

Namsung 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															483.02	335.24	283.78	874.38	180.01

Namsung (XKRX:004270) 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.

Namsung Long-Term Capital Lease Obligation Related Terms

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Namsung (XKRX:004270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Namsung Corp (XKRX:004270) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Crown Plaza, 197-22 Guro-dong, Guro-gu, Seoul, KOR, 152-050

Website

http://www.namsung.com

Namsung Corp is a South Korean company operating in the consumer electronics industry. The company is engaged in manufacturing and marketing electronics products.

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