2Go Group (PHS:2GO) Long-Term Capital Lease Obligation : ₱1,268 Mil (As of Mar. 2023)

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What is 2Go Group Long-Term Capital Lease Obligation?

2Go Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₱1,268 Mil.

2Go Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (₱1,350 Mil) to Dec. 2022 (₱1,345 Mil) and declined from Dec. 2022 (₱1,345 Mil) to Mar. 2023 (₱1,268 Mil).

2Go Group's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (₱612 Mil) to Dec. 2021 (₱498 Mil) but then increased from Dec. 2021 (₱498 Mil) to Dec. 2022 (₱1,345 Mil).

2Go Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for 2Go Group'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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2Go Group Long-Term Capital Lease Obligation Chart

2Go Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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92.32

1,136.33

612.39

498.01

1,344.51

2Go Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,305.90	1,312.83	1,350.12	1,344.51	1,268.24

2Go Group (PHS:2GO) 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.

2Go Group Long-Term Capital Lease Obligation Related Terms

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2Go Group (PHS:2GO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » 2Go Group Inc (PHS:2GO) » Definitions » Long-Term Capital Lease Obligation

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Address

Macapagal Boulevard, 8th Floor Double Dragon Plaza, Tower 1, corner EDSA Extension, Pasay, PHL, 1302

Website

https://www.2go.com.ph

2Go Group Inc is a Philippines-based logistics provider. The group owns and operates successful brands such as 2GO Travel, 2GO Freight, 2GO Express, and 2GO Logistics, offering an array of logistics and travel services. The business functions throughout the Philippines and it offers services such as international shipping, international freight forwarding, customs clearance, domestic shipping, freight and travel, warehousing, land transport, express, projects, and trade. Its reporting segments involve the shipping segment which t provides ocean-going transportation of passengers, rolling cargo, and freight cargo and the non-shipping segment provides logistics, sale of goods, supply chain management, and other services.

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