Shin Steel Co (XKRX:162300) Long-Term Capital Lease Obligation : ₩244 Mil (As of Mar. 2024)

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What is Shin Steel Co Long-Term Capital Lease Obligation?

Shin Steel Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩244 Mil.

Shin Steel Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩322 Mil) to Dec. 2023 (₩277 Mil) and declined from Dec. 2023 (₩277 Mil) to Mar. 2024 (₩244 Mil).

Shin Steel Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (₩487 Mil) to Dec. 2021 (₩494 Mil) but then declined from Dec. 2021 (₩494 Mil) to Dec. 2022 (₩474 Mil).

Shin Steel Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shin Steel 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.

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Shin Steel Co Long-Term Capital Lease Obligation Chart

Shin Steel Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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408.95

487.15

493.63

474.01

Shin Steel Co Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					423.31	360.15	321.51	276.99	244.35

Shin Steel Co (XKRX:162300) 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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Shin Steel Co (XKRX:162300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shin Steel Co Ltd (XKRX:162300) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

174, Mieumsandan 4-ro, Gangseo-gu, Busan, KOR

Website

http://www.shin-steel.com

Shin Steel Co Ltd is a steel distribution company that supplies various types of products such as Cold Rolled Steel, Galvanized Steel, Alu-Zinc Steel, Pre-Painted Steel, Stainless Steel, and Tin Plate Steel.

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