Asia Cement Co (XKRX:183190) Long-Term Capital Lease Obligation : ₩59,027 Mil (As of Mar. 2024)

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What is Asia Cement Co Long-Term Capital Lease Obligation?

Asia Cement Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩59,027 Mil.

Asia Cement Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩66,367 Mil) to Dec. 2023 (₩62,976 Mil) and declined from Dec. 2023 (₩62,976 Mil) to Mar. 2024 (₩59,027 Mil).

Asia Cement Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₩93,340 Mil) to Dec. 2022 (₩77,094 Mil) and declined from Dec. 2022 (₩77,094 Mil) to Dec. 2023 (₩62,976 Mil).

Asia Cement Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Asia Cement 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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Asia Cement Co Long-Term Capital Lease Obligation Chart

Asia Cement Co Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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47,952.52

81,398.74

93,340.25

77,094.35

62,975.61

Asia Cement 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															73,372.22	68,665.13	66,366.80	62,975.61	59,026.88

Asia Cement Co (XKRX:183190) 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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Asia Cement Co (XKRX:183190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Cement Co Ltd (XKRX:183190) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

726 Yeoksam-dong, Gangnam-gu, Seoul, KOR

Website

http://www.asiacement.co.kr

Asia Cement Co Ltd engages in the manufacture and distribution of cement, semi-finished cement, cement products, ready-mixed concrete and related material. Its business also covers quarrying, non-metallic mineral products, the whole and retail sale of building materials, international trading, tally, and packing. It offers Portland cement, Asia mortar, and customized cement products.

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