Akzo Nobel India (NSE:AKZOINDIA) Long-Term Capital Lease Obligation : ₹0 Mil (As of Dec. 2023)

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What is Akzo Nobel India Long-Term Capital Lease Obligation?

Akzo Nobel India's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil.

Akzo Nobel India's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₹0 Mil) to Sep. 2023 (₹468 Mil) but then declined from Sep. 2023 (₹468 Mil) to Dec. 2023 (₹0 Mil).

Akzo Nobel India's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹511 Mil) to Mar. 2022 (₹551 Mil) but then declined from Mar. 2022 (₹551 Mil) to Mar. 2023 (₹530 Mil).

Akzo Nobel India Long-Term Capital Lease Obligation Historical Data

The historical data trend for Akzo Nobel 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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Akzo Nobel India Long-Term Capital Lease Obligation Chart

Akzo Nobel India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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29.00

532.00

511.00

551.00

530.00

Akzo Nobel India 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															-	530.00	-	468.00	-

Akzo Nobel India (NSE:AKZOINDIA) 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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Akzo Nobel India (NSE:AKZOINDIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Akzo Nobel India Ltd (NSE:AKZOINDIA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

500710:India

Address

Golf Course Extension Road, 9th Floor, Magnum Towers, Sector 58, Gurugram, HR, IND, 122 011

Website

https://www.akzonobel.co.in

Akzo Nobel India Ltd manufactures and sells a variety of chemicals and coatings. The company organizes itself into only segments based on the product type. The coatings segment, which generates the vast majority of revenue, sells decorative paints under the Dulux brand and performance coatings for ships, cars, aircraft, and buildings. The vast majority of revenue comes from India.

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