Pennar Industries (BOM:513228) Long-Term Capital Lease Obligation : ₹344 Mil (As of Mar. 2024)

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What is Pennar Industries Long-Term Capital Lease Obligation?

Pennar Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹344 Mil.

Pennar Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹454 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹344 Mil).

Pennar Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹446 Mil) to Mar. 2023 (₹478 Mil) but then declined from Mar. 2023 (₹478 Mil) to Mar. 2024 (₹344 Mil).

Pennar Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pennar Industries'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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Pennar Industries Long-Term Capital Lease Obligation Chart

Pennar Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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329.00

266.90

446.40

477.90

344.30

Pennar Industries 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															477.90	-	453.50	-	344.30

Pennar Industries (BOM:513228) 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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Pennar Industries (BOM:513228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pennar Industries Ltd (BOM:513228) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PENIND:India

Address

DHFLVC Silicon Towers, Kondapur, Floor Number 3, Hyderabad, TG, IND, 500084

Website

https://www.pennarindia.com

Pennar Industries Ltd provides engineering products and services. The company's operating segment includes Diversified Engineering and Custom designed building solutions and auxiliaries. It generates maximum revenue from Diversified Engineering segment. Geographically, it derives a majority of revenue from India. The company serves Infrastructure, Automobiles, Power, General Engineering, Building and Construction, Refineries, and other sectors. Its product portfolio includes Cold Rolled Steel Strips, Precision Tubes, Railway wagons/Coaches, Pre-Engineered Building Systems, Solar module mounting structures, and Photo Voltaic panels, Sheet Metal Components, Hydraulic Cylinders, Road Safety Systems, Water and Sewage treatment solutions, and Desalination projects.

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