MWTCY (Manila Water Co) Long-Term Capital Lease Obligation : $5.6 Mil (As of Sep. 2024)

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What is Manila Water Co Long-Term Capital Lease Obligation?

Manila Water Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $5.6 Mil.

Manila Water Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($3.4 Mil) to Jun. 2024 ($3.2 Mil) but then increased from Jun. 2024 ($3.2 Mil) to Sep. 2024 ($5.6 Mil).

Manila Water Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($4.2 Mil) to Dec. 2022 ($5.4 Mil) but then declined from Dec. 2022 ($5.4 Mil) to Dec. 2023 ($3.7 Mil).

Manila Water Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Manila Water Co'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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Manila Water Co Long-Term Capital Lease Obligation Chart

Manila Water Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.35

4.57

4.21

5.38

3.67

Manila Water Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.27	3.67	3.45	3.16	5.56

Manila Water Co (OTCPK:MWTCY) 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.

Manila Water Co Long-Term Capital Lease Obligation Related Terms

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Manila Water Co Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Manila Water Co Inc (OTCPK:MWTCY) » Definitions » Long-Term Capital Lease Obligation

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MWTCF:USA MWC:Philippines

Address

489 Katipunan Road, 2nd Floor, MWSS Administration Building, Balara, Quezon, PHL, 1105

Website

https://www.manilawater.com

Manila Water Co Inc is a water and wastewater management company. Its operations can be divided among Metro Manila East Zone and Manila Water Philippine Ventures, which operate across municipalities in the Philippines, and Manila Water Asia Pacific, which operates in Vietnam, Myanmar, and Indonesia. The segments of the company consist of Manila Concession and Head Office, Domestic Subsidiaries, and Foreign Subsidiaries. The Manila Concession and Head Office segment generate maximum revenue for the company.