Global Vectra Helicorp (NSE:GLOBALVECT) Long-Term Capital Lease Obligation

: ₹0 Mil (As of Dec. 2022)

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Global Vectra Helicorp's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was ₹0 Mil.

Global Vectra Helicorp's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (₹0 Mil) to Sep. 2022 (₹2,171 Mil) but then declined from Sep. 2022 (₹2,171 Mil) to Dec. 2022 (₹0 Mil).

Global Vectra Helicorp's annual Long-Term Capital Lease Obligation declined from Mar. 2020 (₹1,991 Mil) to Mar. 2021 (₹1,679 Mil) and declined from Mar. 2021 (₹1,679 Mil) to Mar. 2022 (₹1,471 Mil).

Global Vectra Helicorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Global Vectra Helicorp'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.

* Premium members only.

Global Vectra Helicorp Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Long-Term Capital Lease Obligation

653.77

1,991.35

1,678.80

1,471.38

Global Vectra Helicorp Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Long-Term Capital Lease Obligation																-	1,471.38	-	2,171.46	-

Global Vectra Helicorp (NSE:GLOBALVECT) 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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Global Vectra Helicorp (NSE:GLOBALVECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Vectra Helicorp Ltd (NSE:GLOBALVECT) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

532773:India

Address

Hangar Number - C - He / Hf, Airports Authority of India, Civil Aerodrome, Juhu, Mumbai, MH, IND, 400056

Website

http://www.globalhelicorp.com

Global Vectra Helicorp Ltd is engaged in providing helicopter services. The company provides onshore and offshore services for oil and gas operations, the productions sector, geophysical survey, corporate and VIP flights, aerial photography and filming, religious tourism, emergency services, underslung operations, and power grid maintenance. It operates in a single segment that is the provision of helicopter services in India. The company has its main maintenance base at Juhu Airport, Mumbai with sub-bases supporting onshore and offshore operations across the length and breadth of India.

Global Vectra Helicorp (NSE:GLOBALVECT) Headlines

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