CGE Transmision (XSGO:CGET) Long-Term Capital Lease Obligation : CLP742 Mil (As of Dec. 2023)

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What is CGE Transmision Long-Term Capital Lease Obligation?

CGE Transmision's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was CLP742 Mil.

CGE Transmision's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (CLP861 Mil) to Sep. 2023 (CLP812 Mil) and declined from Sep. 2023 (CLP812 Mil) to Dec. 2023 (CLP742 Mil).

CGE Transmision's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (CLP0 Mil) to Dec. 2022 (CLP333 Mil) and increased from Dec. 2022 (CLP333 Mil) to Dec. 2023 (CLP742 Mil).

CGE Transmision Long-Term Capital Lease Obligation Historical Data

The historical data trend for CGE Transmision'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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CGE Transmision Long-Term Capital Lease Obligation Chart

CGE Transmision Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

332.53

741.67

CGE Transmision Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				332.53	694.33	860.89	811.87	741.67

CGE Transmision (XSGO:CGET) 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.

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CGE Transmision (XSGO:CGET) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CGE Transmision SA (XSGO:CGET) » Definitions » Long-Term Capital Lease Obligation

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Address

Av. Presidente Riesco 5561, 17th floor, Las Condes, Santiago, CHL

Website

https://www.cgetransmision.cl

CGE Transmision SA engages in electricity transmission. It operates in the electric power transmission sector, mainly in the zonal transmission and dedicated transmission segments. The transmission system is divided into five large segments: National Transmission; Zonal Transmission; Dedicated Transmission; Transmission for development poles; and International Interconnection System.

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