International Container Terminal Services (PHS:ICT) Long-Term Capital Lease Obligation : ₱90,681 Mil (As of Mar. 2024)

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What is International Container Terminal Services Long-Term Capital Lease Obligation?

International Container Terminal Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱90,681 Mil.

International Container Terminal Services's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₱87,987 Mil) to Dec. 2023 (₱92,457 Mil) but then declined from Dec. 2023 (₱92,457 Mil) to Mar. 2024 (₱90,681 Mil).

International Container Terminal Services's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₱73,763 Mil) to Dec. 2022 (₱78,161 Mil) and increased from Dec. 2022 (₱78,161 Mil) to Dec. 2023 (₱92,457 Mil).

International Container Terminal Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for International Container Terminal Services'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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International Container Terminal Services Long-Term Capital Lease Obligation Chart

International Container Terminal Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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68,839.62

71,457.75

73,762.79

78,161.41

92,457.03

International Container Terminal Services 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															79,830.26	89,985.79	87,986.73	92,457.03	90,681.07

International Container Terminal Services (PHS:ICT) 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.

International Container Terminal Services Long-Term Capital Lease Obligation Related Terms

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International Container Terminal Services (PHS:ICT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » International Container Terminal Services Inc (PHS:ICT) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

ICTEF:USA

Address

MICT South Access Road, Port of Manila, Manila International Container Terminal, ICTSI Administration Building, Manila, PHL, 1012

Website

https://www.ictsi.com

International Container Terminal Services is a container-handling and terminal company. The company primarily operates, manages, develops, and acquires container terminals to handle import and export cargo shipped in containers. Besides, the firm provides storage, container stripping and stuffing, and maintenance services. The company organises itself into three geographical segments: Asia; Europe, Middle East, and Africa; and Americas. The company derives the largest portion of revenue from the Asia segment, followed by the Americas and EMEA.

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