Manila Electric Co (Manila Electric Co) Accumulated Depreciation : $-2,322 Mil (As of Dec. 2023)

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What is Manila Electric Co Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Manila Electric Co's quarterly accumulated depreciation increased from Jun. 2023 ($-2,108 Mil) to Sep. 2023 ($-2,152 Mil) and increased from Sep. 2023 ($-2,152 Mil) to Dec. 2023 ($-2,322 Mil).

Manila Electric Co's annual accumulated depreciation increased from Dec. 2021 ($-1,885 Mil) to Dec. 2022 ($-2,019 Mil) and increased from Dec. 2022 ($-2,019 Mil) to Dec. 2023 ($-2,322 Mil).

Manila Electric Co Accumulated Depreciation Historical Data

The historical data trend for Manila Electric Co's Accumulated Depreciation 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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Manila Electric Co Accumulated Depreciation Chart

Manila Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accumulated Depreciation

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-1,617.12

-1,727.62

-1,884.61

-2,018.57

-2,322.13

Manila Electric Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accumulated Depreciation	Get a 7-Day Free Trial															-2,018.57	-2,055.01	-2,107.75	-2,151.76	-2,322.13

Manila Electric Co Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

Manila Electric Co Accumulated Depreciation Related Terms

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Manila Electric Co (Manila Electric Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Manila Electric Co (OTCPK:MERVF) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

MAEOY:USA MER:Philippines

Address

Ortigas Avenue, Barangay Ugong, Lopez Building, Pasig, PHL, 1605

Website

https://www.meralco.com.ph

Manila Electric Co, or Meralco, is an electric utility company serving the Philippines. Meralco generates, transmits, and distributes electricity through its portfolio of thermal power plants. The vast majority of the energy produced by the company comes from its natural gas and goal facilities. Meralco generates almost all of its revenue through the sale of electricity. While nearly all of the company's customers are residential entities, total energy sales are split fairly evenly between commercial, industrial, and residential customers. Meralco is the largest electric distribution company in the Philippines and serves dozens of cities and municipalities, including Metropolitan Manila.

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