OceanaGold Philippines (PHS:OGP) Long-Term Capital Lease Obligation : ₱6 Mil (As of Mar. 2025)

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What is OceanaGold Philippines Long-Term Capital Lease Obligation?

OceanaGold Philippines's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ₱6 Mil.

OceanaGold Philippines's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (₱6 Mil) to Dec. 2024 (₱5 Mil) but then increased from Dec. 2024 (₱5 Mil) to Mar. 2025 (₱6 Mil).

OceanaGold Philippines's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (₱0 Mil) to Dec. 2023 (₱3 Mil) and increased from Dec. 2023 (₱3 Mil) to Dec. 2024 (₱5 Mil).

OceanaGold Philippines Long-Term Capital Lease Obligation Historical Data

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

OceanaGold Philippines Annual Data

Trend

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

2.56

5.46

OceanaGold Philippines Quarterly Data
	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	5.57	5.57	5.46	5.57

OceanaGold Philippines (PHS:OGP) 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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OceanaGold Philippines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » OceanaGold Philippines Inc (PHS:OGP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Didipio Mine, Barangay Didipio, Kasibu, NUV, PHL, 3703

Website

https://www.didipiomine.com.ph

OceanaGold Philippines Inc produces gold and copper in the Philippines and is a subsidiary of OceanaGold Corporation. The company operates the Didipio gold and copper mine located in the northern Luzon region of the Philippines, which is the Didipio Mine, approximately two hundred seventy km north-northeast of Metro Manila.

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