HariOm Pipe Industries (BOM:543517) Long-Term Capital Lease Obligation : ₹12 Mil (As of Mar. 2024)

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What is HariOm Pipe Industries Long-Term Capital Lease Obligation?

HariOm Pipe Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹12 Mil.

HariOm Pipe Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹12 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹12 Mil).

HariOm Pipe Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹0 Mil) to Mar. 2023 (₹12 Mil) but then declined from Mar. 2023 (₹12 Mil) to Mar. 2024 (₹12 Mil).

HariOm Pipe Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for HariOm Pipe 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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HariOm Pipe Industries Long-Term Capital Lease Obligation Chart

HariOm Pipe Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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12.17

11.70

HariOm Pipe Industries Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										12.17	-	11.94	-	11.70

HariOm Pipe Industries (BOM:543517) 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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HariOm Pipe Industries (BOM:543517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » HariOm Pipe Industries Ltd (BOM:543517) » Definitions » Long-Term Capital Lease Obligation

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HARIOMPIPE:India

Address

Samarpan Lane, Plot 3-4-174/12/2, 1st Floor, Besides Spencer’s, Pillar No. 125, Attapur, Hyderabad, TG, IND, 500 048

Website

https://www.hariompipes.com

HariOm Pipe Industries Ltd is a premium manufacturer of iron and steel products. The products are used in industries such as housing, infrastructure, agriculture, automotive solar, fabrication, and engineering.

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