Hyundai Glovis Co (XKRX:086280) Long-Term Capital Lease Obligation : ₩0 Mil (As of Mar. 2024)

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What is Hyundai Glovis Co Long-Term Capital Lease Obligation?

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

Hyundai Glovis Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩1,074,787 Mil) to Dec. 2023 (₩1,083,580 Mil) but then declined from Dec. 2023 (₩1,083,580 Mil) to Mar. 2024 (₩0 Mil).

Hyundai Glovis Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩738,259 Mil) to Dec. 2022 (₩1,027,184 Mil) and increased from Dec. 2022 (₩1,027,184 Mil) to Dec. 2023 (₩1,083,580 Mil).

Hyundai Glovis Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hyundai Glovis Co'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.

* Premium members only.

Hyundai Glovis Co Long-Term Capital Lease Obligation Chart

Hyundai Glovis Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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754,819.64

692,482.44

738,259.42

1,027,184.11

1,083,580.09

Hyundai Glovis Co 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															1,017,039.01	1,029,617.99	1,074,787.40	1,083,580.09	-

Hyundai Glovis Co (XKRX:086280) 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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Hyundai Glovis Co (XKRX:086280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hyundai Glovis Co Ltd (XKRX:086280) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

301, Teheran-ro, Gangnam-gu, Seoul, KOR

Website

http://www.glovis.net

Hyundai Glovis Co Ltd is engaged in the comprehensive logistics business. The company offers vehicle transportation services, storage services, inbound and outbound logistics, domestic logistics services, general cargo, military logistics, and consulting services. It offers services to industries including steel, machinery, heavy industries, chemical, energy, and construction. The company provides systematic information on tracking, detention, estimated time of arrival through inbound and outbound logistics system.

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