CG Power & Industrial Solutions (NSE:CGPOWER) Long-Term Capital Lease Obligation : ₹119 Mil (As of Mar. 2024)

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What is CG Power & Industrial Solutions Long-Term Capital Lease Obligation?

CG Power & Industrial Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹119 Mil.

CG Power & Industrial Solutions's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹120 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹119 Mil).

CG Power & Industrial Solutions's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹69 Mil) to Mar. 2023 (₹121 Mil) but then declined from Mar. 2023 (₹121 Mil) to Mar. 2024 (₹119 Mil).

CG Power & Industrial Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for CG Power & Industrial Solutions'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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CG Power & Industrial Solutions Long-Term Capital Lease Obligation Chart

CG Power & Industrial Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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158.80

105.80

68.60

120.60

119.10

CG Power & Industrial Solutions 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															120.60	-	119.90	-	119.10

CG Power & Industrial Solutions (NSE:CGPOWER) 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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CG Power & Industrial Solutions (NSE:CGPOWER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CG Power & Industrial Solutions Ltd (NSE:CGPOWER) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

500093:India

Address

Dr. Annie Besant Road, 6th Floor, CG House, Worli, Mumbai, MH, IND, 400 030

Website

https://www.cgglobal.com

CG Power & Industrial Solutions Ltd is an India based company engaged in providing products, services, and solutions to utilities, industries, and consumers for the management and application of sustainable electrical energy. It has two business segments. Power Systems segment includes products and services from ultra-high-voltage, high voltage, medium voltage and low voltage like transformer, switchgear, and turnkey projects whereas the Industrial Systems segment include rotating machines of power and ratings, automated AC, DC, and variable frequency drives and control systems like electric motors, alternators, drives, traction electronics, and SCADA. It operates in India and internationally and generates its revenues majorly from the Industrial systems segment within India.

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