Ashok Leyland (BOM:500477) Long-Term Capital Lease Obligation : ₹0 Mil (As of Dec. 2023)

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What is Ashok Leyland Long-Term Capital Lease Obligation?

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

Ashok Leyland's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₹0 Mil) to Sep. 2023 (₹1,661 Mil) but then declined from Sep. 2023 (₹1,661 Mil) to Dec. 2023 (₹0 Mil).

Ashok Leyland's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹1,455 Mil) to Mar. 2022 (₹1,606 Mil) and increased from Mar. 2022 (₹1,606 Mil) to Mar. 2023 (₹1,890 Mil).

Ashok Leyland Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ashok Leyland'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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Ashok Leyland Long-Term Capital Lease Obligation Chart

Ashok Leyland Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1,427.50

1,454.50

1,605.70

1,889.70

Ashok Leyland 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															-	1,889.70	-	1,660.70	-

Ashok Leyland (BOM:500477) 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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Ashok Leyland (BOM:500477) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ashok Leyland Ltd (BOM:500477) » Definitions » Long-Term Capital Lease Obligation

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ASHOKLEY:India

Address

No. 1, Sardar Patel Road, Guindy, Chennai, TN, IND, 600 032

Website

https://www.ashokleyland.com

Ashok Leyland Ltd is an automobile manufacturing company. The company manufactures commercial vehicles, engines, spare parts, and accessories, with the vast majority of revenue derived from commercial vehicle sales. Ashok Leyland organizes its business into two segments: Commercial vehicles and Financial Services. The company derives more than half of its consolidated revenue domestically.

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