PICOP Resources (PHS:PCP) Long-Term Capital Lease Obligation : ₱0.00 Mil (As of . 20)

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What is PICOP Resources Long-Term Capital Lease Obligation?

PICOP Resources's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₱0.00 Mil.

PICOP Resources Long-Term Capital Lease Obligation Historical Data

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

PICOP Resources Annual Data

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Long-Term Capital Lease Obligation

PICOP Resources Quarterly Data

Long-Term Capital Lease Obligation

PICOP Resources (PHS:PCP) 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.

PICOP Resources Long-Term Capital Lease Obligation Related Terms

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PICOP Resources (PHS:PCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » PICOP Resources Inc (PHS:PCP) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

2/F Moredel Building, 2280 Pasong Tamo Extension, Makati City, PHL

Website

PICOP Resources Inc produces paper and timber products in the Philippines. Its paper products include newsprint, which is used by publishing companies for newspaper production, as well as for book paper and office supplies and telephone directory paper.