Golden MV Holdings (PHS:HVN) Long-Term Capital Lease Obligation : ₱15 Mil (As of Mar. 2024)

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What is Golden MV Holdings Long-Term Capital Lease Obligation?

Golden MV Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱15 Mil.

Golden MV Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₱28 Mil) to Dec. 2023 (₱15 Mil) but then stayed the same from Dec. 2023 (₱15 Mil) to Mar. 2024 (₱15 Mil).

Golden MV Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₱25 Mil) to Dec. 2022 (₱28 Mil) but then declined from Dec. 2022 (₱28 Mil) to Dec. 2023 (₱15 Mil).

Golden MV Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Golden MV Holdings'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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Golden MV Holdings Long-Term Capital Lease Obligation Chart

Golden MV Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.07

10.20

25.35

27.92

15.05

Golden MV Holdings 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															27.92	27.92	27.92	15.05	15.05

Golden MV Holdings (PHS:HVN) 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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Golden MV Holdings (PHS:HVN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Golden MV Holdings Inc (PHS:HVN) » Definitions » Long-Term Capital Lease Obligation

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Address

San Ezekiel, C5 Extension, 2nd Floor, Golden Haven Building, Villar SIPAG Complex, Las Pinas, PHL, 1746

Website

https://www.goldenhaven.com.ph

Golden MV Holdings Inc is a Philippines-based developer of memorial parks in the country in terms of the number of projects, overall sales, and land development. The Company develops, constructs, and operates columbarium and memorial chapel facilities, and is also engaged in the construction and development of residential projects in various places all over the Philippines. The company has two operating segments; the Residential segment pertains to the housing market segment of the group. It caters to the development and sale of residential houses and lots, subdivision lots, and condominium units, and The Deathcare segment pertains to the sale of memorial lots, interment income, and income from chapel services. The majority of its revenue is derived from the Residential segment.

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