Synergy Grid & Development Philippines (PHS:SGP) Long-Term Capital Lease Obligation : ₱143 Mil (As of Mar. 2024)

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What is Synergy Grid & Development Philippines Long-Term Capital Lease Obligation?

Synergy Grid & Development Philippines's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱143 Mil.

Synergy Grid & Development Philippines's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₱0 Mil) to Dec. 2023 (₱171 Mil) but then declined from Dec. 2023 (₱171 Mil) to Mar. 2024 (₱143 Mil).

Synergy Grid & Development Philippines's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₱6 Mil) to Dec. 2022 (₱245 Mil) but then declined from Dec. 2022 (₱245 Mil) to Dec. 2023 (₱171 Mil).

Synergy Grid & Development Philippines Long-Term Capital Lease Obligation Historical Data

The historical data trend for Synergy Grid & Development Philippines'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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Synergy Grid & Development Philippines Long-Term Capital Lease Obligation Chart

Synergy Grid & Development Philippines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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27.61

5.65

244.97

171.20

Synergy Grid & Development Philippines 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															258.96	-	-	171.20	143.46

Synergy Grid & Development Philippines (PHS:SGP) 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.

Synergy Grid & Development Philippines Long-Term Capital Lease Obligation Related Terms

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Synergy Grid & Development Philippines (PHS:SGP) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Synergy Grid & Development Philippines Inc (PHS:SGP) » Definitions » Long-Term Capital Lease Obligation

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Address

Condominium Pearl Drive, 1607, 16th Floor, Tycoon Center Building, Metro Manila, Pasig, PHL, 1605

Website

https://www.synergygrid.ph

Synergy Grid & Development Philippines Inc is engaged in providing management consulting and financial advisory services. It also derives its income from Interest income from cash deposits with the bank and short-term money placements and Dividend income from the National Grid Corporation of the Philippines. The Group has only one operating segment which is the transmission business.

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