SP New Energy (PHS:SPNEC) Long-Term Capital Lease Obligation : ₱383.3 Mil (As of Mar. 2024)

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What is SP New Energy Long-Term Capital Lease Obligation?

SP New Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱383.3 Mil.

SP New Energy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₱389.8 Mil) to Dec. 2023 (₱381.1 Mil) but then increased from Dec. 2023 (₱381.1 Mil) to Mar. 2024 (₱383.3 Mil).

SP New Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (₱43.0 Mil) to Jun. 2022 (₱0.0 Mil) but then increased from Jun. 2022 (₱0.0 Mil) to Dec. 2023 (₱381.1 Mil).

SP New Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for SP New Energy'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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SP New Energy Long-Term Capital Lease Obligation Chart

SP New Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Jun22

Dec23

Long-Term Capital Lease Obligation

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43.25

42.99

381.11

SP New Energy Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									298.60	298.68	389.78	381.11	383.26

SP New Energy (PHS:SPNEC) 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.

SP New Energy Long-Term Capital Lease Obligation Related Terms

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SP New Energy (PHS:SPNEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SP New Energy Corp (PHS:SPNEC) » Definitions » Long-Term Capital Lease Obligation

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Address

112 Legaspi Street, Legaspi Village, Brgy. San Lorenzo, Makati, PHL, 1229

Website

https://www.spnec.ph

SP New Energy Corp is a renewable energy power generation company. The primary purpose is to construct, erect, assemble, commission, operate, and maintain power-generating plants, warehouses, terminals, and related facilities for the conversion of renewable energy into a usable form fit for electricity generation and distribution.

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