Kencoa Aerospace (XKRX:274090) Long-Term Capital Lease Obligation : ₩7,167 Mil (As of Mar. 2024)

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What is Kencoa Aerospace Long-Term Capital Lease Obligation?

Kencoa Aerospace's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩7,167 Mil.

Kencoa Aerospace's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₩7,776 Mil) to Dec. 2023 (₩7,177 Mil) and declined from Dec. 2023 (₩7,177 Mil) to Mar. 2024 (₩7,167 Mil).

Kencoa Aerospace's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩7,683 Mil) to Dec. 2022 (₩8,145 Mil) but then declined from Dec. 2022 (₩8,145 Mil) to Dec. 2023 (₩7,177 Mil).

Kencoa Aerospace Long-Term Capital Lease Obligation Historical Data

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

Kencoa Aerospace Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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57.32

7,120.16

7,683.42

8,145.42

7,176.71

Kencoa Aerospace 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															8,108.24	7,938.84	7,775.90	7,176.71	7,167.04

Kencoa Aerospace (XKRX:274090) 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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Kencoa Aerospace (XKRX:274090) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Kencoa Aerospace Corp (XKRX:274090) » Definitions » Long-Term Capital Lease Obligation

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Address

172, Jongposandan-ro, Yonghyeon-myeon, Gyeongsangnam-do, Sacheon-si, KOR, 52537

Website

http://www.kencoa.com

Kencoa Aerospace Corp is engaged in supply of precision machined and sheet metal fabricated aerostructures, jet engine components, and major assemblies for commercial, military and business/regional jets. The company's services include machining, assembly, drone, material, and MRO.

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