Lotte Chemical (XKRX:011170) Long-Term Capital Lease Obligation : ₩136,026 Mil (As of Mar. 2024)

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What is Lotte Chemical Long-Term Capital Lease Obligation?

Lotte Chemical's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩136,026 Mil.

Lotte Chemical's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩122,275 Mil) to Dec. 2023 (₩136,526 Mil) but then declined from Dec. 2023 (₩136,526 Mil) to Mar. 2024 (₩136,026 Mil).

Lotte Chemical's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩95,472 Mil) to Dec. 2022 (₩119,443 Mil) and increased from Dec. 2022 (₩119,443 Mil) to Dec. 2023 (₩136,526 Mil).

Lotte Chemical Long-Term Capital Lease Obligation Historical Data

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

Lotte Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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104,133.22

100,513.80

95,472.42

119,442.86

136,525.88

Lotte Chemical 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															120,486.16	120,822.78	122,275.33	136,525.88	136,025.64

Lotte Chemical (XKRX:011170) 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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Lotte Chemical (XKRX:011170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lotte Chemical Corp (XKRX:011170) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

300 Olympic-ro, 14th Floor-16th Floor, Lotte World Tower, Songpa-gu, Seoul, KOR

Website

http://www.lottechem.com

Lotte Chemical Corp is one of the largest chemical companies in Asia. It manufactures a variety of chemicals which include polyethylene, polypropylene, functional resin, ethylene oxide/ethylene glycol, butadiene, benzene, and Toluene. Its products are used in various industry applications such as coating materials, automotive parts, and detergent.

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