Cirtek Holdings Philippines (PHS:TCB2C.PFD) Long-Term Capital Lease Obligation : ₱6.76 Mil (As of Mar. 2024)

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What is Cirtek Holdings Philippines Long-Term Capital Lease Obligation?

Cirtek Holdings Philippines's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱6.76 Mil.

Cirtek Holdings Philippines's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₱11.40 Mil) to Dec. 2023 (₱5.64 Mil) but then increased from Dec. 2023 (₱5.64 Mil) to Mar. 2024 (₱6.76 Mil).

Cirtek Holdings Philippines's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₱8.46 Mil) to Dec. 2022 (₱11.52 Mil) but then declined from Dec. 2022 (₱11.52 Mil) to Dec. 2023 (₱5.64 Mil).

Cirtek Holdings Philippines Long-Term Capital Lease Obligation Historical Data

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

Cirtek Holdings Philippines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.58

8.46

11.52

5.64

Cirtek Holdings Philippines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.70	11.52	11.40	5.64	6.76

Cirtek Holdings Philippines (PHS:TCB2C.PFD) 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.

Cirtek Holdings Philippines Long-Term Capital Lease Obligation Related Terms

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Cirtek Holdings Philippines (PHS:TCB2C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cirtek Holdings Philippines Corp (PHS:TCB2C.PFD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

TCB2B.PFD:Philippines TCB2A.PFD:Philippines TECH:Philippines

Address

116 East Main Avenue, Phase V-SEZ Laguna Technopark, Laguna, Binan, PHL, 4024

Website

https://www.cirtekholdings.com

Cirtek Holdings Philippines Corp through its subsidiaries is engaged in the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test and packaging services, and the manufacture of integrated technology products. The company performs three activities which include the design, development, and delivery of the wireless industry's antenna solutions; the manufacture of value-added, integrated technology products; and the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test, and packaging services.

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