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Igloo (XKRX:067920) Long-Term Capital Lease Obligation : ₩308 Mil (As of Mar. 2024)


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What is Igloo Long-Term Capital Lease Obligation?

Igloo's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩308 Mil.

Igloo's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩377 Mil) to Dec. 2023 (₩252 Mil) but then increased from Dec. 2023 (₩252 Mil) to Mar. 2024 (₩308 Mil).

Igloo's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩1,089 Mil) to Dec. 2022 (₩602 Mil) and declined from Dec. 2022 (₩602 Mil) to Dec. 2023 (₩252 Mil).


Igloo Long-Term Capital Lease Obligation Historical Data

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

Igloo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 254.99 1,593.31 1,089.32 601.95 251.57

Igloo 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 509.61 566.86 377.38 251.57 308.32

Igloo  (XKRX:067920) 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.

Igloo Long-Term Capital Lease Obligation Related Terms

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Igloo (XKRX:067920) Business Description

Industry
Traded in Other Exchanges
N/A
Address
7, Jeongui-ro 8-gil, 6th Floor, Songpa-gu, Seoul, KOR, 135-090
Igloo Corp is an information security company. It develops and offers various security solutions and services in diverse areas from network to endpoint. The company offered solutions including Spider TM, LIGER-1, Escort, KiMO, WEBMON and Smart(Guard). In addition, the organization also provides services such as managed security, security consulting, IGLOO school and SOC planning. The company's business areas are Solution business which comprises next-generation enterprise security management solution, physical security information management and security solution retails; Enterprise security management business which includes dispatched security management and training, remote control security management and managing security operation centers; and Security consulting business.

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