AES Andes (XSGO:AESANDES) Long-Term Capital Lease Obligation : CLP61,571 Mil (As of Mar. 2024)

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What is AES Andes Long-Term Capital Lease Obligation?

AES Andes's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was CLP61,571 Mil.

AES Andes's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (CLP69,996 Mil) to Dec. 2023 (CLP67,833 Mil) and declined from Dec. 2023 (CLP67,833 Mil) to Mar. 2024 (CLP61,571 Mil).

AES Andes's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (CLP43,335 Mil) to Dec. 2022 (CLP66,641 Mil) and increased from Dec. 2022 (CLP66,641 Mil) to Dec. 2023 (CLP67,833 Mil).

AES Andes Long-Term Capital Lease Obligation Historical Data

The historical data trend for AES Andes'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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AES Andes Long-Term Capital Lease Obligation Chart

AES Andes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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38,128.27

41,851.05

43,335.02

66,640.99

67,832.58

AES Andes 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															48,541.60	66,022.84	69,996.26	67,832.58	61,570.91

AES Andes (XSGO:AESANDES) 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.

AES Andes Long-Term Capital Lease Obligation Related Terms

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AES Andes (XSGO:AESANDES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » AES Andes SA (XSGO:AESANDES) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Avenida Rosario Norte 532, Floors 18-20, Los Condes, Santiago, CHL

Website

https://www.aesandes.com

AES Andes SA is an electric utility company involved in the generation and supply of electricity in South America. It owns and operates a portfolio of hydroelectric, coal-fired, diesel-fueled, cogeneration, and natural gas power generation facilities. Most of the energy produced by the company comes from its sites utilizing thermal fuel sources. The company primarily generates revenue from contracted energy and capacity sales. Sales made on the spot market also represent a substantial revenue stream. The company's primary customers are the multiple interconnected energy markets in Chile and Colombia, such as the Central Interconnected System (SIC) and the Great North Interconnected System (SING).

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