Premiere Horizon Alliance (PHS:PHA) Long-Term Capital Lease Obligation : ₱0.0 Mil (As of Mar. 2024)

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What is Premiere Horizon Alliance Long-Term Capital Lease Obligation?

Premiere Horizon Alliance's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱0.0 Mil.

Premiere Horizon Alliance's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₱0.2 Mil) to Dec. 2023 (₱0.0 Mil) but then stayed the same from Dec. 2023 (₱0.0 Mil) to Mar. 2024 (₱0.0 Mil).

Premiere Horizon Alliance's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₱0.0 Mil) to Dec. 2022 (₱0.2 Mil) but then declined from Dec. 2022 (₱0.2 Mil) to Dec. 2023 (₱0.0 Mil).

Premiere Horizon Alliance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Premiere Horizon Alliance'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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Premiere Horizon Alliance Long-Term Capital Lease Obligation Chart

Premiere Horizon Alliance Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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0.58

0.19

Premiere Horizon Alliance 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															0.19	0.19	0.19	-	-

Premiere Horizon Alliance (PHS:PHA) 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.

Premiere Horizon Alliance Long-Term Capital Lease Obligation Related Terms

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Premiere Horizon Alliance (PHS:PHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Premiere Horizon Alliance Corp (PHS:PHA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Exchange Road, Ortigas Center, Unit 1705, 17th Floor, East Tower, Philippine Stock Exchange Center, Metro Manila, Pasig, PHL, 1605

Website

https://www.premierehorizon.com

Premiere Horizon Alliance Corp engages in the business activities relating to entertainment, gaming, hotel, and leisure. The company business segments are Mining, Real estate, Service contract, and others. Its Mining segment pertains to the operations of RCDC (Redstone Construction and Development Corporation) which provides hauling and excavation for mining companies. The company generates maximum revenue from the Real estate segment.