Gandhi Special Tubes (BOM:513108) Long-Term Capital Lease Obligation

: ₹0 Mil (As of Dec. 2023)

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

Gandhi Special Tubes's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₹0 Mil) to Sep. 2023 (₹3 Mil) but then declined from Sep. 2023 (₹3 Mil) to Dec. 2023 (₹0 Mil).

Gandhi Special Tubes's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹2 Mil) to Mar. 2022 (₹3 Mil) but then declined from Mar. 2022 (₹3 Mil) to Mar. 2023 (₹3 Mil).

Gandhi Special Tubes Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gandhi Special Tubes'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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Gandhi Special Tubes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

3.03

2.33

3.07

2.69

Gandhi Special Tubes 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																-	2.69	-	2.86	-

Gandhi Special Tubes (BOM:513108) 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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Gandhi Special Tubes (BOM:513108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gandhi Special Tubes Ltd (BOM:513108) » Definitions » Long-Term Capital Lease Obligation

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GANDHITUBE:India

Address

55 Hughes Road, Next to Dharam Palace, 201-204, Plaza, 2nd Floor, Mumbai, MH, IND, 400007

Website

https://www.gandhispecialtubes.com

Gandhi Special Tubes Ltd manufactures and markets welded and seamless steel tubes of different sizes and specifications, and cold-formed coupling nuts. The company is involved in manufacturing automobile components, cold-formed tube nuts for fuel injection tube assemblies, hydraulic and other tube assemblies. Its products include Welded Tubes, Seamless Tubes, Wind Power, and Cold Formed Nuts. Products of the firm are supplied to the original equipment manufacturers of the automotive sector, farm equipment manufacturers, construction equipment manufacturers, refrigerator manufacturers, and other engineering industries. It also operates in the power sector through windmills installed in Maharashtra and Gujarat.

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