Escorts Kubota (NSE:ESCORTS) Long-Term Capital Lease Obligation : ₹353 Mil (As of Mar. 2024)

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What is Escorts Kubota Long-Term Capital Lease Obligation?

Escorts Kubota's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹353 Mil.

Escorts Kubota's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹406 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹353 Mil).

Escorts Kubota's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹414 Mil) to Mar. 2023 (₹449 Mil) but then declined from Mar. 2023 (₹449 Mil) to Mar. 2024 (₹353 Mil).

Escorts Kubota Long-Term Capital Lease Obligation Historical Data

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

Escorts Kubota Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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217.80

476.30

413.50

449.10

353.10

Escorts Kubota 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															449.10	-	405.70	-	353.10

Escorts Kubota (NSE:ESCORTS) 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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Escorts Kubota (NSE:ESCORTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Escorts Kubota Ltd (NSE:ESCORTS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

500495:India

Address

15/5, Mathura Road, Faridabad, HR, IND, 121 003

Website

https://www.escortsgroup.com

Escorts Kubota Ltd is an Indian company manufacturing agricultural tractors and construction equipment. It manufactures engines for agricultural tractors, earth moving and material handling equipment, round and flat tubes, heating elements, and other machines. The company's operating segments include Agri machinery products, Construction equipment, Railway equipment, and Others. It generates maximum revenue from the Agri machinery products segment. Geographically, it derives a majority of its revenue from India. The company also trades in oils and lubricants, compressor accessories and spares, and others.

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