Marcventures Holdings (PHS:MARC) Long-Term Capital Lease Obligation : ₱0 Mil (As of Jun. 2024)

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What is Marcventures Holdings Long-Term Capital Lease Obligation?

Marcventures Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₱0 Mil.

Marcventures Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Marcventures 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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Marcventures Holdings Long-Term Capital Lease Obligation Chart

Marcventures Holdings Annual Data

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Long-Term Capital Lease Obligation

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Marcventures Holdings Quarterly Data
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Marcventures Holdings (PHS:MARC) 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.

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Marcventures Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Marcventures Holdings Inc (PHS:MARC) » Definitions » Long-Term Capital Lease Obligation

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Address

Unit 4-3, 8741 Paseo de Roxas, 4th Floor, BDO Towers Paseo, Makati, PHL, 1227

Website

http://www.marcventuresholdings.com

Marcventures Holdings Inc is a company that is involved in mining exploration, smelting, extracting of mineral ores such as nickel, chromite, copper, gold, manganese and other metallic or non-metallic resources. The company's primary mining projects are located in the Philippines which involves converting raw metal into a refined product. Its primary source of revenue is from the sale of ores, mainly nickel ore.

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