LBC Express Holdings (PHS:LBC) Long-Term Capital Lease Obligation : ₱1,146 Mil (As of Jun. 2024)

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What is LBC Express Holdings Long-Term Capital Lease Obligation?

LBC Express Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₱1,146 Mil.

LBC Express Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (₱1,370 Mil) to Mar. 2024 (₱1,271 Mil) and declined from Mar. 2024 (₱1,271 Mil) to Jun. 2024 (₱1,146 Mil).

LBC Express Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₱1,478 Mil) to Dec. 2022 (₱1,344 Mil) but then increased from Dec. 2022 (₱1,344 Mil) to Dec. 2023 (₱1,370 Mil).

LBC Express Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for LBC Express Holdings'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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LBC Express Holdings Long-Term Capital Lease Obligation Chart

LBC Express Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,356.73

1,551.35

1,477.77

1,343.59

1,369.64

LBC Express Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,194.21	1,088.32	1,369.64	1,270.99	1,145.72

LBC Express Holdings (PHS:LBC) 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.

LBC Express Holdings Long-Term Capital Lease Obligation Related Terms

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LBC Express Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LBC Express Holdings (PHS:LBC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Domestic Airport Road, LBC Hangar, General Aviation Centre, Metro Manila, Pasay, PHL, 1300

Website

https://www.lbcexpressholdings.com

LBC Express Holdings is a Philippines-based holding company engaged in providing logistics and money transfer services. Through the logistics services, the company serves two customer segments, retail customers, and corporate customers. It provides services such as courier, air cargo forwarding, and balikbayan box services to retail customers. To corporate customers, it offers courier and freight forwarding services, corporate solutions, and tailor-made corporate logistics services. In the money transfer services segment, the company comprises both domestic and international money transfer services such as remittances, bill payment collection, and corporate remittance payout services. The firm operates in the Philippines and globally, and generates key revenue from the Logistics segment.