Gujarat State Petronet (BOM:532702) Long-Term Capital Lease Obligation : ₹1,074 Mil (As of Mar. 2024)

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What is Gujarat State Petronet Long-Term Capital Lease Obligation?

Gujarat State Petronet's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,074 Mil.

Gujarat State Petronet's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹1,154 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹1,074 Mil).

Gujarat State Petronet's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹1,214 Mil) to Mar. 2023 (₹1,209 Mil) and declined from Mar. 2023 (₹1,209 Mil) to Mar. 2024 (₹1,074 Mil).

Gujarat State Petronet Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gujarat State Petronet'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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Gujarat State Petronet Long-Term Capital Lease Obligation Chart

Gujarat State Petronet Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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515.51

653.44

1,213.65

1,208.63

1,073.89

Gujarat State Petronet 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															1,208.63	-	1,153.58	-	1,073.89

Gujarat State Petronet (BOM:532702) 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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Gujarat State Petronet (BOM:532702) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gujarat State Petronet Ltd (BOM:532702) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GSPL:India

Address

GSPL Bhavan, E-18, GIDC Electronics Estate, Sector-26, Near K-7 Circle, Gandhinagar, GJ, IND, 382028

Website

https://www.gspcgroup.com

Gujarat State Petronet Ltd is a regulated Indian natural gas utility company of which the shareholder is a state-owned oil and gas exploration company, Gujarat State Petroleum Corporation. Gujarat State Petronet is involved in the provision of natural gas, compressed natural gas, and liquefied natural gas transmission services in the West Indian state of Gujarat through its pipeline network. The company derives the vast majority of its sales from service fees relating to the transportation of gas to domestic, industrial, and commercial customers. With its many subsidiaries and associate firms, such as Gujarat Gas Limited, Gujarat State Petronet is one of the gas distributors in India.

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