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Gandhar Oil Refinery (India) (BOM:544029) Long-Term Capital Lease Obligation : ₹630 Mil (As of Mar. 2024)


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What is Gandhar Oil Refinery (India) Long-Term Capital Lease Obligation?

Gandhar Oil Refinery (India)'s Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹630 Mil.

Gandhar Oil Refinery (India)'s quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₹458 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹630 Mil).

Gandhar Oil Refinery (India)'s annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹279 Mil) to Mar. 2023 (₹463 Mil) and increased from Mar. 2023 (₹463 Mil) to Mar. 2024 (₹630 Mil).

Gandhar Oil Refinery (India) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gandhar Oil Refinery (India)'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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Gandhar Oil Refinery (India) Long-Term Capital Lease Obligation Chart

Gandhar Oil Refinery (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
212.99 278.85 463.26 629.74

Gandhar Oil Refinery (India) Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - 463.26 457.95 - 629.74

Gandhar Oil Refinery (India)  (BOM:544029) 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.

Gandhar Oil Refinery (India) Long-Term Capital Lease Obligation Related Terms

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Gandhar Oil Refinery (India) (BOM:544029) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gandhar Oil Refinery (India) Ltd (BOM:544029) » Definitions » Long-Term Capital Lease Obligation
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GANDHAR:India
Address
S.V. Road, 18th floor, DLH Park, Goregaon West, Mumbai, MH, IND, 400 062
Website
https://www.gandharoil.com
Gandhar Oil Refinery (India) Ltd is a manufacturer of white oils with a growing focus on the consumer and healthcare end industries. The Company is engaged in three segments namely, manufacturing and trading of petroleum products/specialty oils, trading of non-coking coal, and providing consignment, del-credere agency services for sale of polymers to local markets.

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