Godrej Agrovet (NSE:GODREJAGRO) Long-Term Capital Lease Obligation : ₹836 Mil (As of Mar. 2024)

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What is Godrej Agrovet Long-Term Capital Lease Obligation?

Godrej Agrovet's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹836 Mil.

Godrej Agrovet's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹830 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹836 Mil).

Godrej Agrovet's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹202 Mil) to Mar. 2023 (₹917 Mil) but then declined from Mar. 2023 (₹917 Mil) to Mar. 2024 (₹836 Mil).

Godrej Agrovet Long-Term Capital Lease Obligation Historical Data

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

Godrej Agrovet Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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210.00

188.80

202.40

917.40

836.40

Godrej Agrovet 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															917.40	-	829.70	-	836.40

Godrej Agrovet (NSE:GODREJAGRO) 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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Godrej Agrovet (NSE:GODREJAGRO) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Godrej Agrovet Ltd (NSE:GODREJAGRO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

540743:India

Address

Eastern Express Highway, Godrej One, 3rd Floor, Pirojshanagar, Vikhroli (East), Mumbai, MH, IND, 400 079

Website

https://www.godrejagrovet.com

Godrej Agrovet Ltd is an India-based company engaged in the manufacturing and marketing of animal feed, agricultural inputs, palm oil, and allied products. It operates through the following business divisions: Animal Feed, Crop Protection, Vegetable Oil, Real Estate Business, and Other business segments which include Seed Business and Energy Generation through Windmills. The key revenue is derived from the Animal Feed business segment. The company offers animal feed such as cattle, poultry, aqua, and specialty feed, as well as on-farm technical support services.

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