Kangwon Land (XKRX:035250) Long-Term Capital Lease Obligation : ₩0 Mil (As of Mar. 2024)

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What is Kangwon Land Long-Term Capital Lease Obligation?

Kangwon Land's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩0 Mil.

Kangwon Land's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩54,705 Mil) to Dec. 2023 (₩51,883 Mil) and declined from Dec. 2023 (₩51,883 Mil) to Mar. 2024 (₩0 Mil).

Kangwon Land's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩61,178 Mil) to Dec. 2022 (₩58,413 Mil) and declined from Dec. 2022 (₩58,413 Mil) to Dec. 2023 (₩51,883 Mil).

Kangwon Land Long-Term Capital Lease Obligation Historical Data

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

Kangwon Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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65,634.46

61,649.62

61,177.81

58,413.09

51,883.39

Kangwon Land 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															59,292.24	54,483.60	54,704.68	51,883.39	-

Kangwon Land (XKRX:035250) 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.

Kangwon Land Long-Term Capital Lease Obligation Related Terms

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Kangwon Land (XKRX:035250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kangwon Land Inc (XKRX:035250) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

265 High1-Gil Sabuk-Eup, Jeongsun-Kun, Gangwon, KOR

Website

http://www.high1.com

Kangwon Land Inc is a casino and resort company. The business has six business segments that include Casino, Hotel, Holiday Unit, Golf Course, Skiing Ground, and Other. Kangwon operates numerous resorts and casinos that have table games and slot machines. The company's resorts also have condominium units. The Golf Course segment generates revenue from courses the company has built around its resorts. The Skiing Grounds segment is engaged in skiing tickets and rentals through the company's integrated ski resort. The Other business segment controls interests such as Kangwon's theme park. Kangwon Land generates the vast majority of its revenue in South Korea.

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