Lorenzo Shipping (PHS:LSC) Long-Term Capital Lease Obligation : ₱164 Mil (As of Mar. 2024)

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What is Lorenzo Shipping Long-Term Capital Lease Obligation?

Lorenzo Shipping's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱164 Mil.

Lorenzo Shipping's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₱54 Mil) to Dec. 2023 (₱164 Mil) but then stayed the same from Dec. 2023 (₱164 Mil) to Mar. 2024 (₱164 Mil).

Lorenzo Shipping's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₱59 Mil) to Dec. 2022 (₱54 Mil) but then increased from Dec. 2022 (₱54 Mil) to Dec. 2023 (₱164 Mil).

Lorenzo Shipping Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lorenzo Shipping'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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Lorenzo Shipping Long-Term Capital Lease Obligation Chart

Lorenzo Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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101.04

87.52

59.33

53.80

164.30

Lorenzo Shipping 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															53.80	53.80	53.80	164.30	164.30

Lorenzo Shipping (PHS:LSC) 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.

Lorenzo Shipping Long-Term Capital Lease Obligation Related Terms

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Lorenzo Shipping (PHS:LSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Lorenzo Shipping Corp (PHS:LSC) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

United Nations Avenue, 20th Floor, Times Plaza Building, Ermita, Manila, PHL, 1000

Website

https://www.lorenzoshipping.com

Lorenzo Shipping Corp is engaged in the business of domestic inter-island cargo handling services. It offers containerized shipping services. The company operates in the segment of branches and agencies and is involved in the domestic inter-island cargo shipping activities. In addition, it owns and operates approximately ten ports nationwide namely, Manila, Bacolod, Iloilo, Cebu, Dumaguete, Cagayan de Oro, Zamboanga, Davao, Cotabato and General Santos.

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