Vantage Equities (PHS:V) Long-Term Capital Lease Obligation : ₱42 Mil (As of Jun. 2024)

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What is Vantage Equities Long-Term Capital Lease Obligation?

Vantage Equities's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₱42 Mil.

Vantage Equities's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (₱21 Mil) to Mar. 2024 (₱47 Mil) but then declined from Mar. 2024 (₱47 Mil) to Jun. 2024 (₱42 Mil).

Vantage Equities's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₱13 Mil) to Dec. 2022 (₱17 Mil) and increased from Dec. 2022 (₱17 Mil) to Dec. 2023 (₱21 Mil).

Vantage Equities Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vantage Equities'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.

* Premium members only.

Vantage Equities Long-Term Capital Lease Obligation Chart

Vantage Equities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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31.83

8.86

13.19

16.76

21.00

Vantage Equities Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16.76	17.37	21.00	46.59	41.73

Vantage Equities (PHS:V) 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.

Vantage Equities Long-Term Capital Lease Obligation Related Terms

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Vantage Equities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Vantage Equities Inc (PHS:V) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

5th Avenue corner 28th Street, 15th Floor, Philippine Stock Exchange, Bonifacio Global City, Metro Manila, Taguig, PHL, 1605

Website

https://www.vantage.com.ph

Vantage Equities Inc is a Philippines-based investment and financial holding company. The business of the company is to invest, hold and use for investment shares of capital stock, bonds, debentures, promissory notes, or other securities or obligations created, negotiated, or issued by any corporation, association, or other entities. It performs its operations under three business segments comprising Investment holdings, Remittance services, and Mutual fund management. The company derives the maximum revenue from the Remittance services segment.