Keppel Philippines Properties (PHS:KEP) Long-Term Capital Lease Obligation : ₱0.00 Mil (As of Mar. 2024)

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What is Keppel Philippines Properties Long-Term Capital Lease Obligation?

Keppel Philippines Properties's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱0.00 Mil.

Keppel Philippines Properties's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₱0.00 Mil) to Dec. 2022 (₱6.45 Mil) but then declined from Dec. 2022 (₱6.45 Mil) to Dec. 2023 (₱0.00 Mil).

Keppel Philippines Properties Long-Term Capital Lease Obligation Historical Data

The historical data trend for Keppel Philippines Properties'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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Keppel Philippines Properties Long-Term Capital Lease Obligation Chart

Keppel Philippines Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.78

0.47

6.45

Keppel Philippines Properties 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															5.64	4.27	-	-	-

Keppel Philippines Properties (PHS:KEP) 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.

Keppel Philippines Properties Long-Term Capital Lease Obligation Related Terms

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Keppel Philippines Properties (PHS:KEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Keppel Philippines Properties Inc (PHS:KEP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

The Podium West Tower, 18th Floor, Units 1802B-1803, 12 ADB Avenue, Ortigas Center, Mandaluyong, PHL, 1550

Website

https://www.keppelland.com.ph

Keppel Philippines Properties Inc, along with its subsidiaries is engaged in the acquisition and development of suitable land sites for residential, office, and commercial uses. It is also an investment holding company which focuses on investments in stocks, shares, securities, and other investment instruments and in property management consultancy services. It is engaged in real estate development and leasing of office and commercial buildings, and renders property management consultancy services to its associates. The company operates in one business segment that is Management Consultancy Services. Geographically the company caters its services only to the Philippines market.