Cementos PacasmayoA (Cementos PacasmayoA) Long-Term Capital Lease Obligation : $1.1 Mil (As of Dec. 2023)

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What is Cementos PacasmayoA Long-Term Capital Lease Obligation?

Cementos PacasmayoA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.1 Mil.

Cementos PacasmayoA's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1.2 Mil) to Sep. 2023 ($1.0 Mil) but then increased from Sep. 2023 ($1.0 Mil) to Dec. 2023 ($1.1 Mil).

Cementos PacasmayoA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.1 Mil) to Dec. 2022 ($0.6 Mil) but then increased from Dec. 2022 ($0.6 Mil) to Dec. 2023 ($1.1 Mil).

Cementos PacasmayoA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cementos PacasmayoA'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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Cementos PacasmayoA Long-Term Capital Lease Obligation Chart

Cementos PacasmayoA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.02

1.36

1.06

0.63

1.10

Cementos PacasmayoA 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															0.63	0.48	1.22	1.01	1.10

Cementos PacasmayoA (NYSE:CPAC) 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.

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Cementos PacasmayoA (Cementos PacasmayoA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cementos Pacasmayo SAA (NYSE:CPAC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CPAC:Peru CPACASI1:Peru CPACASC1:Peru

Address

Calle La Colonia No. 150, Urbanizacion El Vivero, Surco, Lima, PER

Website

https://www.cementospacasmayo.com.pe

Cementos Pacasmayo SAA is a Peruvian cement company that primarily produces, distributes, and sells cement and cement-related materials, such as concrete blocks and ready-mix concrete. The company's products are primarily used in construction. It also produces and sells quicklime for use in mining operations. The company sells its products mainly in the northern part of Peru. It owns three cement production facilities. Its flagship Pacasmayo facility is located in the northwest region of Peru, while its new cement plant in Piura and smaller Rioja facility are located in the northeast region of Peru.