Indian Oil (NSE:IOC) Long-Term Capital Lease Obligation : ₹0 Mil (As of Dec. 2023)

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What is Indian Oil Long-Term Capital Lease Obligation?

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

Indian Oil's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (₹64,769 Mil) to Sep. 2023 (₹64,490 Mil) and declined from Sep. 2023 (₹64,490 Mil) to Dec. 2023 (₹0 Mil).

Indian Oil's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹62,499 Mil) to Mar. 2022 (₹63,636 Mil) and increased from Mar. 2022 (₹63,636 Mil) to Mar. 2023 (₹64,769 Mil).

Indian Oil Long-Term Capital Lease Obligation Historical Data

The historical data trend for Indian Oil'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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Indian Oil Long-Term Capital Lease Obligation Chart

Indian Oil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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33,097.40

63,417.80

62,498.90

63,636.20

64,769.10

Indian Oil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															63,557.30	-	64,769.10	64,489.60	-

Indian Oil (NSE:IOC) 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.

Indian Oil Long-Term Capital Lease Obligation Related Terms

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Indian Oil (NSE:IOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Indian Oil Corp Ltd (NSE:IOC) » Definitions » Long-Term Capital Lease Obligation

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530965:India

Address

J.B. Tito Marg, 3079/3, Sadiq Nagar, New Delhi, IND, 110 049

Website

https://www.iocl.com

Indian Oil Corp Ltd conducts business across the energy value chain as India's national oil company. The Petroleum Products business generates the majority of the group's revenue. Indian Oil pursues exploration and production opportunities both domestically and internationally. Sale of Petrochemicals , Other operating segment of the Corporation comprises; Gas, Oil & Gas Exploration Activities, Explosives & Cryogenic Business and Wind Mill & Solar Power Generation. A network of pipelines in India not only transport oil from company fields but also to and from its refineries. The pipeline network spans across India and can move various petroleum products. The firm's refinery operations include a host of technologies for processing oil and gas to meet the needs of a diverse client base.