PLDT (PHI) Long-Term Capital Lease Obligation : $722 Mil (As of Dec. 2023)

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What is PLDT Long-Term Capital Lease Obligation?

PLDT's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $722 Mil.

PLDT's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($560 Mil) to Sep. 2023 ($570 Mil) and increased from Sep. 2023 ($570 Mil) to Dec. 2023 ($722 Mil).

PLDT's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($297 Mil) to Dec. 2022 ($554 Mil) and increased from Dec. 2022 ($554 Mil) to Dec. 2023 ($722 Mil).

PLDT Long-Term Capital Lease Obligation Historical Data

The historical data trend for PLDT'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.

* Premium members only.

PLDT Long-Term Capital Lease Obligation Chart

PLDT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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227.28

277.28

297.21

554.46

722.17

PLDT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															554.46	490.73	559.85	569.74	722.17

PLDT (NYSE:PHI) 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.

PLDT Long-Term Capital Lease Obligation Related Terms

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PLDT (PHI) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » PLDT Inc (NYSE:PHI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PHTCF:USA TEL:Philippines PLO:Germany

Address

Makati Avenue, Ramon Cojuangco Building, Metro Manila, Corner Ayala Avenue, Legaspi Village, Makati City, PHL, 1200

Website

https://www.pldt.com

PLDT Inc is the telecommunications carrier in the Philippines. The company operates the nation's extensive fixed-line network and holds more than half of the market share in the domestic wireless space. First Pacific, a Hong Kong-based investment and management company specializing in consumer and telecommunication businesses, owns about 26% of PLDT, while two subsidiaries of Nippon Telegraph and Telephone jointly own about 21%.