Norte Grande (XSGO:NORTEGRAN) Long-Term Capital Lease Obligation : CLP361.40 Mil (As of Mar. 2024)

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What is Norte Grande Long-Term Capital Lease Obligation?

Norte Grande's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was CLP361.40 Mil.

Norte Grande's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (CLP435.28 Mil) to Dec. 2023 (CLP418.14 Mil) and declined from Dec. 2023 (CLP418.14 Mil) to Mar. 2024 (CLP361.40 Mil).

Norte Grande's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (CLP0.00 Mil) to Dec. 2022 (CLP0.00 Mil) but then increased from Dec. 2022 (CLP0.00 Mil) to Dec. 2023 (CLP418.14 Mil).

Norte Grande Long-Term Capital Lease Obligation Historical Data

The historical data trend for Norte Grande'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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Norte Grande Long-Term Capital Lease Obligation Chart

Norte Grande Annual Data

Trend

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Long-Term Capital Lease Obligation

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418.14

Norte Grande 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															-	447.09	435.28	418.14	361.40

Norte Grande (XSGO:NORTEGRAN) 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.

Norte Grande Long-Term Capital Lease Obligation Related Terms

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Norte Grande (XSGO:NORTEGRAN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Norte Grande SA (XSGO:NORTEGRAN) » Definitions » Long-Term Capital Lease Obligation

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Address

Avenida El Bosque Norte 500 Piso 9, Santiago, CHL

Website

Norte Grande SA is an investment company. The company investment in all types of assets and securities such as stocks, bonds and obligations.

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