Philippine Trust Co (PHS:PTC) Long-Term Capital Lease Obligation : ₱0 Mil (As of Sep. 2024)

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What is Philippine Trust Co Long-Term Capital Lease Obligation?

Philippine Trust Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₱0 Mil.

Philippine Trust Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Philippine Trust Co'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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Philippine Trust Co Long-Term Capital Lease Obligation Chart

Philippine Trust Co Annual Data

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Long-Term Capital Lease Obligation

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Philippine Trust Co Quarterly Data
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Philippine Trust Co (PHS:PTC) 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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Philippine Trust Co Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Philippine Trust Co (PHS:PTC) » Definitions » Long-Term Capital Lease Obligation

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Address

1000 United Nation Avenue, Corner San Marcelino Street, Philtrust Bank Building, Manila, PHL, 1007

Website

https://www.philtrustbank.com

Philippine Trust Co is a Philippine banking corporation. The Bank is primarily engaged in commercial banking. The Bank offers a wide range of products and services such as deposit products, loans, international services, treasury and trust functions. The Bank also provides investment management, estate administration, escrow services, insurance and pension plans, stock registry and transfer services. The company have two major business segments - lending and treasury operations.