Pacific Online Systems (PHS:LOTO) Long-Term Capital Lease Obligation : ₱0.2 Mil (As of Dec. 2023)

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What is Pacific Online Systems Long-Term Capital Lease Obligation?

Pacific Online Systems's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₱0.2 Mil.

Pacific Online Systems's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (₱0.0 Mil) to Sep. 2023 (₱0.0 Mil) but then increased from Sep. 2023 (₱0.0 Mil) to Dec. 2023 (₱0.2 Mil).

Pacific Online Systems's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₱2.0 Mil) to Dec. 2022 (₱0.0 Mil) but then increased from Dec. 2022 (₱0.0 Mil) to Dec. 2023 (₱0.2 Mil).

Pacific Online Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pacific Online Systems'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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Pacific Online Systems Long-Term Capital Lease Obligation Chart

Pacific Online Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.25

3.93

1.99

0.21

Pacific Online Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	0.21

Pacific Online Systems (PHS:LOTO) 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.

Pacific Online Systems Long-Term Capital Lease Obligation Related Terms

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Pacific Online Systems (PHS:LOTO) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Pacific Online Systems Corp (PHS:LOTO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

28th Floor, East Tower, Exchange Road, Philippine Stock Exchange, Ortigas Center, Metro Manila, Pasig, PHL, 1605

Website

https://www.loto.com.ph

Pacific Online Systems Corp is a Philippines-based company operating in the gaming industry. Along with its subsidiaries, the firm is engaged in the development, design, and management of online computer systems, terminals, and software for the gaming industry. It provides leasing of gaming equipment, Keno terminals, an online operating system, and the sale of the lottery, sweepstakes, and instant tickets. It also offers consultancy services related to online gaming.

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