First Philippine Holdings (PHS:FPH) Long-Term Capital Lease Obligation : ₱0 Mil (As of Mar. 2024)

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What is First Philippine Holdings Long-Term Capital Lease Obligation?

First Philippine Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱0 Mil.

First Philippine Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₱0 Mil) to Dec. 2023 (₱10,107 Mil) but then declined from Dec. 2023 (₱10,107 Mil) to Mar. 2024 (₱0 Mil).

First Philippine Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₱0 Mil) to Dec. 2022 (₱1,086 Mil) and increased from Dec. 2022 (₱1,086 Mil) to Dec. 2023 (₱10,107 Mil).

First Philippine Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Philippine Holdings'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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First Philippine Holdings Long-Term Capital Lease Obligation Chart

First Philippine Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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580.00

1,229.00

1,086.00

10,107.00

First Philippine Holdings 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															-	-	-	10,107.00	-

First Philippine Holdings (PHS:FPH) 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.

First Philippine Holdings Long-Term Capital Lease Obligation Related Terms

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First Philippine Holdings (PHS:FPH) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » First Philippine Holdings Corp (PHS:FPH) » Definitions » Long-Term Capital Lease Obligation

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FPHPC.PFD:Philippines

Address

Ortigas Avenue, Rockwell Business Center, 6th Floor, Tower 3, Pasig City, PHL, 1604

Website

https://www.fphc.com

First Philippine Holdings Corporation, or FPH, is a Filipino holding company involved in the purchasing and acquiring of shares in energy, real estate, manufacturing, construction, and engineering companies. FPH segments its activities into Power Generation, Real Estate Development, and Energy Solutions and Construction Services business units. The company's Power Generation division generates and distributes electricity. With its primary energy subsidiaries, First Gen Corporation and Energy Development Corporation, FPH operates a portfolio of natural gas-fired, hydroelectric, geothermal, wind, and solar power plants. The company derives the vast majority of its revenue from the sale of electricity. Principally all of FPH's operations take place in the Philippines.