VC (XKRX:365900) Long-Term Capital Lease Obligation : ₩2,913 Mil (As of Dec. 2023)

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What is VC Long-Term Capital Lease Obligation?

VC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₩2,913 Mil.

VC's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₩3,327 Mil) to Sep. 2023 (₩3,254 Mil) and declined from Sep. 2023 (₩3,254 Mil) to Dec. 2023 (₩2,913 Mil).

VC's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩642 Mil) to Dec. 2022 (₩4,076 Mil) but then declined from Dec. 2022 (₩4,076 Mil) to Dec. 2023 (₩2,913 Mil).

VC Long-Term Capital Lease Obligation Historical Data

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

VC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1,399.19

943.64

642.39

4,076.11

2,913.49

VC Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									4,076.11	3,691.11	3,327.46	3,253.59	2,913.49

VC (XKRX:365900) 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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VC (XKRX:365900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » VC Inc (XKRX:365900) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

417 Nonhyeon-ro, 4th Floor, Hwawon Building, Yeoksam-dong, Hwawon Building, Gangnam-gu, Seoul, KOR

Website

https://www.voicecaddie.co.kr

VC Inc is engaged in the manufacturing sports and sports related equipments.

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