ITC (LUX:ITC) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is ITC Long-Term Capital Lease Obligation?

ITC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

ITC's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($0 Mil) to Sep. 2023 ($26 Mil) but then declined from Sep. 2023 ($26 Mil) to Dec. 2023 ($0 Mil).

ITC's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($28 Mil) to Mar. 2022 ($25 Mil) but then increased from Mar. 2022 ($25 Mil) to Mar. 2023 ($26 Mil).

ITC Long-Term Capital Lease Obligation Historical Data

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

ITC Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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27.37

28.42

25.42

25.94

ITC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	25.94	-	26.27	-

ITC (LUX:ITC) 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.

ITC Long-Term Capital Lease Obligation Related Terms

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ITC (LUX:ITC) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » ITC Ltd (LUX:ITC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ITC:India 500875:India

Address

37 Jawaharlal Nehru Road, Virginia House, Kolkata, WB, IND, 700 071

Website

https://www.itcportal.com

ITC Ltd is an Indian conglomerate that primarily operates in the consumer goods space, particularly cigarettes. The company operates in four main business segments: Fast Moving Consumer Goods; Hotels; Paperboards, Paper, and Packaging; and Agri-Business. Roughly three-quarters of the company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.