Chosun Refractories Co spin off (XKRX:462520) Long-Term Capital Lease Obligation : ₩580 Mil (As of Sep. 2023)

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What is Chosun Refractories Co spin off Long-Term Capital Lease Obligation?

Chosun Refractories Co spin off's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₩580 Mil.

Chosun Refractories Co spin off's quarterly Long-Term Capital Lease Obligation stayed the same from . 20 (₩0 Mil) to . 20 (₩0 Mil) but then increased from . 20 (₩0 Mil) to Sep. 2023 (₩580 Mil).

Chosun Refractories Co spin off's annual Long-Term Capital Lease Obligation stayed the same from . 20 (₩0 Mil) to . 20 (₩0 Mil) but then increased from . 20 (₩0 Mil) to Dec. 2023 (₩791 Mil).

Chosun Refractories Co spin off Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chosun Refractories Co spin off'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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Chosun Refractories Co spin off Long-Term Capital Lease Obligation Chart

Chosun Refractories Co spin off Annual Data

Trend

Dec23

Long-Term Capital Lease Obligation

790.79

Chosun Refractories Co spin off Semi-Annual Data
	Sep23
Long-Term Capital Lease Obligation	580.22

Chosun Refractories Co spin off (XKRX:462520) 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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Chosun Refractories Co spin off (XKRX:462520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chosun Refractories Co Ltd spin off (XKRX:462520) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

55 Saneop-ro, Jeollanam-do, Taein-dong, Gwangyang-si, KOR

Website

http://www.chosunref.co.kr

Chosun Refractories Co Ltd spin off manufactures general-purpose products and high-functionality products (refractories for continuous casting, special refractories) based on domestic production facilities. Its product offerings comprise Shaped and unshaped refractories, Special alumina bricks, high alumina bricks, casting blocks, castable refractories, metal plating/ shaft alleys for the mortar production refractories industry, technical service for the refractories industry, and manufacturing of industrial furnaces.

Chosun Refractories Co spin off (XKRX:462520) Headlines

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