CTT-Correios de Portugal (CTT-Correios de Portugal) Long-Term Capital Lease Obligation : $103 Mil (As of Mar. 2024)

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What is CTT-Correios de Portugal Long-Term Capital Lease Obligation?

CTT-Correios de Portugal's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $103 Mil.

CTT-Correios de Portugal's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($93 Mil) to Dec. 2023 ($101 Mil) and increased from Dec. 2023 ($101 Mil) to Mar. 2024 ($103 Mil).

CTT-Correios de Portugal's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($99 Mil) to Dec. 2022 ($101 Mil) but then declined from Dec. 2022 ($101 Mil) to Dec. 2023 ($101 Mil).

CTT-Correios de Portugal Long-Term Capital Lease Obligation Historical Data

The historical data trend for CTT-Correios de Portugal'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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CTT-Correios de Portugal Long-Term Capital Lease Obligation Chart

CTT-Correios de Portugal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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74.33

108.56

98.50

101.16

101.14

CTT-Correios de Portugal 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															95.49	96.38	92.58	101.14	102.57

CTT-Correios de Portugal (OTCPK:CTTOF) 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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CTT-Correios de Portugal (CTT-Correios de Portugal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTT-Correios de Portugal SA (OTCPK:CTTOF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CTT:Portugal 0QIM:UK C7T:Germany

Address

Avenida dos Combatentes 43, No.1643-0011, 4th Floor, Lisbon, PRT, 1999-001

Website

https://www.ctt.pt

CTT-Correios de Portugal SA is a logistics company domiciled in Portugal. The company organizes itself into four segments: mail, express and parcels, financial services, and bank. The mail segment, which generates a vast majority of the company's revenue, provides mail postal services to business customers, distribution of advertising materials, and postal communication solutions, among others. Express and parcels, the next largest segment, provides parcel postal and courier services. The company provides financial services such as payment processing and retail banking through both the financial services segment and the bank segment. The company earns most of its revenue domestically.