First Gen (PHS:FGEN) Long-Term Capital Lease Obligation : ₱11,330 Mil (As of Mar. 2025)

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What is First Gen Long-Term Capital Lease Obligation?

First Gen's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ₱11,330 Mil.

First Gen's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (₱11,634 Mil) to Dec. 2024 (₱11,585 Mil) and declined from Dec. 2024 (₱11,585 Mil) to Mar. 2025 (₱11,330 Mil).

First Gen's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (₱374 Mil) to Dec. 2023 (₱9,458 Mil) and increased from Dec. 2023 (₱9,458 Mil) to Dec. 2024 (₱11,585 Mil).

First Gen Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Gen'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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First Gen Long-Term Capital Lease Obligation Chart

First Gen Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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616.26

455.49

373.68

9,457.67

11,584.63

First Gen Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9,223.19	9,941.66	11,633.53	11,584.63	11,329.64

First Gen (PHS:FGEN) 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.

First Gen Long-Term Capital Lease Obligation Related Terms

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First Gen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » First Gen Corp (PHS:FGEN) » Definitions » Long-Term Capital Lease Obligation

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FSGCY:USA

Address

Ortigas Avenue, 6th Floor, Rockwell Business Center, Tower 3, Pasig, PHL, 1604

Website

https://www.firstgen.com.ph

First Gen Corporation is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Majority of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FG Hydro, FNPC, and Prime Meridian. The company only operates in Philippines.