Philippine Estates (PHS:PHES) Long-Term Capital Lease Obligation : ₱1.8 Mil (As of Mar. 2024)

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What is Philippine Estates Long-Term Capital Lease Obligation?

Philippine Estates's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱1.8 Mil.

Philippine Estates's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₱0.5 Mil) to Dec. 2023 (₱1.8 Mil) but then stayed the same from Dec. 2023 (₱1.8 Mil) to Mar. 2024 (₱1.8 Mil).

Philippine Estates's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₱1.3 Mil) to Dec. 2022 (₱0.5 Mil) but then increased from Dec. 2022 (₱0.5 Mil) to Dec. 2023 (₱1.8 Mil).

Philippine Estates Long-Term Capital Lease Obligation Historical Data

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

Philippine Estates Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.21

2.41

1.31

0.47

1.78

Philippine Estates 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															0.47	0.47	0.47	1.78	1.78

Philippine Estates (PHS:PHES) 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.

Philippine Estates Long-Term Capital Lease Obligation Related Terms

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Philippine Estates (PHS:PHES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Philippine Estates Corp (PHS:PHES) » Definitions » Long-Term Capital Lease Obligation

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Address

Julia Vargas Avenue corner, Meralco Avenue, 35th Floor One Corporate Center, Ortigas Center, Pasig, PHL, 1605

Website

https://www.phes.com.ph

Philippine Estates Corporation is a real estate company engaged in the business of holding and developing real estate properties or other properties. Its segments include Metro Manila, which includes an industrial park and condominium projects; Other Luzon Areas such as Bulacan, Cavite-subdivision development; Cebu includes subdivision, mixed-use, and condominium projects; Iloilo includes subdivision, mixed-use, and condominium projects; and Davao, which includes an administrative office. It offers real estate properties for industrial, commercial, residential, and leisure or sports purposes. The group derives key revenue from Cebu and Iloilo business segments.

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