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iPeople (PHS:IPO) Long-Term Capital Lease Obligation : ₱355 Mil (As of Mar. 2024)


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What is iPeople Long-Term Capital Lease Obligation?

iPeople's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱355 Mil.

iPeople's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₱378 Mil) to Dec. 2023 (₱355 Mil) but then stayed the same from Dec. 2023 (₱355 Mil) to Mar. 2024 (₱355 Mil).

iPeople's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₱307 Mil) to Dec. 2022 (₱379 Mil) but then declined from Dec. 2022 (₱379 Mil) to Dec. 2023 (₱355 Mil).

iPeople Long-Term Capital Lease Obligation Historical Data

The historical data trend for iPeople'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.

iPeople Long-Term Capital Lease Obligation Chart

iPeople Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 373.13 348.41 307.28 378.63 354.55

iPeople Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 378.24 378.24 378.24 354.55 354.55

iPeople  (PHS:IPO) 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.

iPeople Long-Term Capital Lease Obligation Related Terms

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iPeople (PHS:IPO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » iPeople Inc (PHS:IPO) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
PHS:STI PHS:CEU PHS:FEU AIU EDU TAL HKSE:01797 ASX:IEL LOPE SZSE:002607 GHC COUR LRN LAUR HKSE:00839 ATGE STRA AFYA HKSE:02469 UDMY
Traded in Other Exchanges
N/A
Address
219 Sen. Gil J. Puyat Avenue, 3rd Floor, Grepalife Building, Makati City, PHL, 1200
Website
https://www.ipeople.com.ph
iPeople Inc is involved in education, consulting development, and installation and maintenance of information technology systems. It operates through the Education, and Others segments. The Education segment which receives maximum revenue consists of the revenues of Malayan Education System, Malayan Colleges Laguna, Mapua Information Technology Center, Malayan High School of Science, and Malayan Colleges Mindanao in education. The Others segment represents support services which include the sale of computer equipment, consulting, development, installation, and maintenance of information technology systems.