Grupo Argos (BOG:PFGRUPOARG) Long-Term Capital Lease Obligation : COP148,022 Mil (As of Mar. 2024)

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What is Grupo Argos Long-Term Capital Lease Obligation?

Grupo Argos's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was COP148,022 Mil.

Grupo Argos's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (COP538,366 Mil) to Dec. 2023 (COP470,032 Mil) and declined from Dec. 2023 (COP470,032 Mil) to Mar. 2024 (COP148,022 Mil).

Grupo Argos's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (COP628,449 Mil) to Dec. 2022 (COP615,979 Mil) and declined from Dec. 2022 (COP615,979 Mil) to Dec. 2023 (COP470,032 Mil).

Grupo Argos Long-Term Capital Lease Obligation Historical Data

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

Grupo Argos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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898,276.00

685,001.00

628,449.00

615,979.00

470,032.00

Grupo Argos 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															588,848.00	532,067.00	538,366.00	470,032.00	148,022.00

Grupo Argos (BOG:PFGRUPOARG) 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.

Grupo Argos Long-Term Capital Lease Obligation Related Terms

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Grupo Argos (BOG:PFGRUPOARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Grupo Argos SA (BOG:PFGRUPOARG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GRUPOARGOS:Columbia

Address

Carrera 43A, No. 1A Sur 143, Santillana Center - South Tower, Medellin, COL

Website

https://www.grupoargos.com

Grupo Argos SA is a holding company with businesses spanning multiple industries including cement, energy, highway and airport construction, port operations, real estate, and coal. The Cement segment, which generates the majority of revenue, has a majority ownership stake in Cementos Argos, which manufactures and sells cement, concrete, and cement-related products in multiple countries throughout the Americas. The Energy segment has a majority ownership stake in a company named Celsia, which generates and sells gas, thermal energy, and hydroelectric energy throughout Central and South America.

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