Makati Finance (PHS:MFIN) Long-Term Capital Lease Obligation : ₱9.9 Mil (As of Dec. 2023)

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What is Makati Finance Long-Term Capital Lease Obligation?

Makati Finance's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₱9.9 Mil.

Makati Finance's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (₱15.0 Mil) to Sep. 2023 (₱15.0 Mil) but then declined from Sep. 2023 (₱15.0 Mil) to Dec. 2023 (₱9.9 Mil).

Makati Finance's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₱29.6 Mil) to Dec. 2022 (₱15.0 Mil) and declined from Dec. 2022 (₱15.0 Mil) to Dec. 2023 (₱9.9 Mil).

Makati Finance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Makati Finance'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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Makati Finance Long-Term Capital Lease Obligation Chart

Makati Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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19.77

22.23

29.65

15.02

9.89

Makati Finance 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															15.02	15.02	15.02	15.02	9.89

Makati Finance (PHS:MFIN) 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.

Makati Finance Long-Term Capital Lease Obligation Related Terms

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Makati Finance (PHS:MFIN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Makati Finance Corp (PHS:MFIN) » Definitions » Long-Term Capital Lease Obligation

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Address

2301 Chino Roces Avenue, 3rd Floor Mazda Makati Building, Barangay Magallanes, Makati City, PHL, 1231

Website

http://www.makatifinance.ph

Makati Finance Corp provides financial services and advisory to its clients. The company's operations include sales and marketing, evaluation and approval of loan applications, and collection of loan accounts. The company derives revenues from the following main operating business segments of Rx Cashline Group; Business loans; MFC Factors Group; Motor Vehicles Financing Group and Others. Business loans division grants loans to finance business owners who wishes to expand its business or for the purpose of starting capital whereas Motor Vehicles Financing Group grants loans to motorcycle buyers. The company's assets producing revenues are located in the Philippines.