ABS-CBN (PHS:ABS) Long-Term Capital Lease Obligation : ₱313 Mil (As of Mar. 2024)

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What is ABS-CBN Long-Term Capital Lease Obligation?

ABS-CBN's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱313 Mil.

ABS-CBN's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₱419 Mil) to Dec. 2023 (₱313 Mil) but then stayed the same from Dec. 2023 (₱313 Mil) to Mar. 2024 (₱313 Mil).

ABS-CBN's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₱461 Mil) to Dec. 2022 (₱451 Mil) and declined from Dec. 2022 (₱451 Mil) to Dec. 2023 (₱313 Mil).

ABS-CBN Long-Term Capital Lease Obligation Historical Data

The historical data trend for ABS-CBN'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.

* Premium members only.

ABS-CBN Long-Term Capital Lease Obligation Chart

ABS-CBN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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780.72

636.23

460.67

450.81

312.61

ABS-CBN 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															447.59	193.33	418.68	312.61	312.61

ABS-CBN (PHS:ABS) 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.

ABS-CBN Long-Term Capital Lease Obligation Related Terms

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ABS-CBN (PHS:ABS) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » ABS-CBN Corp (PHS:ABS) » Definitions » Long-Term Capital Lease Obligation

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Address

Mother Ignacia Street, Sgt. Esguerra Avenue Corner, ABS-CBN Broadcasting Center, Diliman, Quezon, QUE, PHL, 1100

Website

http://www.abs-cbn.com

ABS-CBN Corp is one of the media companies in the Philippines. It operates national television networks, radio channels, and international television channels. The company's operating segment includes Content Creation, Production, and Distribution; Cable, satellite, and broadband. It generates maximum revenue from the Content Production and Distribution segment. Geographically, it derives a majority of revenue from the Philippines. ABS-CBN continues to be a supplier of Filipino entertainment, news, and current affairs programs for free TV, cable, and satellite channels and online platforms both in the Philippines and across world.

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