PetroEnergy Resources (PHS:PERC) Long-Term Capital Lease Obligation : ₱284 Mil (As of Mar. 2025)

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What is PetroEnergy Resources Long-Term Capital Lease Obligation?

PetroEnergy Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ₱284 Mil.

PetroEnergy Resources's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (₱270 Mil) to Dec. 2024 (₱282 Mil) and increased from Dec. 2024 (₱282 Mil) to Mar. 2025 (₱284 Mil).

PetroEnergy Resources's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (₱306 Mil) to Dec. 2023 (₱270 Mil) but then increased from Dec. 2023 (₱270 Mil) to Dec. 2024 (₱282 Mil).

PetroEnergy Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for PetroEnergy Resources'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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PetroEnergy Resources Long-Term Capital Lease Obligation Chart

PetroEnergy Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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320.06

326.02

306.06

269.88

282.06

PetroEnergy Resources Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															269.88	269.88	269.88	282.06	284.28

PetroEnergy Resources (PHS:PERC) 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.

PetroEnergy Resources Long-Term Capital Lease Obligation Related Terms

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PetroEnergy Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PetroEnergy Resources Corp (PHS:PERC) » Definitions » Long-Term Capital Lease Obligation

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Address

ADB Avenue, Ortigas Business Center, 7th Floor, JMT Building, Pasig City, PHL, 1600

Website

https://www.petroenergy.com.ph

PetroEnergy Resources Corp is a Philippines-based oil exploration company. It is engaged in oil exploration and development activities. The company's segments include Oil production, Geothermal energy, Solar energy, Wind energy, and the other activities segment. The Oil production segment is engaged in oil and mineral exploration, development, and production. The Geothermal energy segment develops and operates geothermal steam fields and power plants. The Solar energy segment carries out solar energy operations. Other activities pertain to research and investment activities. The wind energy segment carries out wind energy operations of the Group. The company generates the majority of its revenue from the Geothermal segment.

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