V-Guard Industries (NSE:VGUARD) Long-Term Capital Lease Obligation : ₹899 Mil (As of Mar. 2024)

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What is V-Guard Industries Long-Term Capital Lease Obligation?

V-Guard Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹899 Mil.

V-Guard Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹761 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹899 Mil).

V-Guard Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹486 Mil) to Mar. 2023 (₹668 Mil) and increased from Mar. 2023 (₹668 Mil) to Mar. 2024 (₹899 Mil).

V-Guard Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for V-Guard Industries'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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V-Guard Industries Long-Term Capital Lease Obligation Chart

V-Guard Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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332.23

498.91

486.46

668.41

899.20

V-Guard Industries 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															668.41	-	761.30	-	899.20

V-Guard Industries (NSE:VGUARD) 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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V-Guard Industries (NSE:VGUARD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » V-Guard Industries Ltd (NSE:VGUARD) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

532953:India

Address

42/962, Vennala High School Road, Vennala, Ernakulam, KL, IND, 682028

Website

https://www.vguard.in

V-Guard Industries Ltd is an India-based consumer electrical company. It is involved in the manufacturing, trading, and selling of consumer electrical products. Its business segments are Electronics, Electricals and Consumer Durables. It derives a majority of the revenue from the Electricals segment which includes products such as PVC Insulated Cables, Switch Gears, Single Phase Pumps, Three Phase Pumps, and Modular Switches. The Electronics segment covers products like voltage stabilizers, digital UPS, and UPS. The Consumer Durables segment includes solar water heaters and solar inverters. Geographically, the company has operations in India and internationally, of which key revenue is generated within India.

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