Globe Telecom (PHS:GLO) Long-Term Capital Lease Obligation : ₱89,042 Mil (As of Mar. 2024)

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What is Globe Telecom Long-Term Capital Lease Obligation?

Globe Telecom's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱89,042 Mil.

Globe Telecom's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₱80,747 Mil) to Dec. 2023 (₱82,825 Mil) and increased from Dec. 2023 (₱82,825 Mil) to Mar. 2024 (₱89,042 Mil).

Globe Telecom's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₱16,215 Mil) to Dec. 2022 (₱49,709 Mil) and increased from Dec. 2022 (₱49,709 Mil) to Dec. 2023 (₱82,825 Mil).

Globe Telecom Long-Term Capital Lease Obligation Historical Data

The historical data trend for Globe Telecom'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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Globe Telecom Long-Term Capital Lease Obligation Chart

Globe Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,681.80

3,525.47

16,215.00

49,709.16

82,825.06

Globe Telecom 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															58,310.47	72,151.26	80,747.20	82,825.06	89,042.22

Globe Telecom (PHS:GLO) 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.

Globe Telecom Long-Term Capital Lease Obligation Related Terms

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Globe Telecom (PHS:GLO) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Globe Telecom Inc (PHS:GLO) » Definitions » Long-Term Capital Lease Obligation

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GTMEY:USA

Address

32nd Street Corner 7th Avenue, 27th Floor, The Globe Tower, Bonifacio Global City, Taguig, PHL, 1634

Website

https://www.globe.com.ph

Globe Telecom Inc is a telecommunications company that provides mobile, voice, and broadband services. Its operating segments are Mobile Business, Fixed Line and Broadband Business. Mobile involves traditional mobile services and contributes the majority of company revenue. Within the mobile division, the majority of subscribers are considered prepaid customers. The other division, fixed-line and broadband, provides fixed-line voice services, corporate data, and Internet for its customers. The company generates the vast majority of its revenue in the Philippines.