Uravi T & Wedge Lamps (NSE:URAVI) Long-Term Capital Lease Obligation : ₹0.8 Mil (As of Sep. 2023)

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What is Uravi T & Wedge Lamps Long-Term Capital Lease Obligation?

Uravi T & Wedge Lamps's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.8 Mil.

Uravi T & Wedge Lamps's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (₹3.7 Mil) to Mar. 2023 (₹1.0 Mil) and declined from Mar. 2023 (₹1.0 Mil) to Sep. 2023 (₹0.8 Mil).

Uravi T & Wedge Lamps's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹0.5 Mil) to Mar. 2022 (₹0.7 Mil) and increased from Mar. 2022 (₹0.7 Mil) to Mar. 2023 (₹1.0 Mil).

Uravi T & Wedge Lamps Long-Term Capital Lease Obligation Historical Data

The historical data trend for Uravi T & Wedge Lamps'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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Uravi T & Wedge Lamps Long-Term Capital Lease Obligation Chart

Uravi T & Wedge Lamps Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.94

0.48

0.73

1.00

Uravi T & Wedge Lamps Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													1.30	0.73	3.69	1.00	0.84

Uravi T & Wedge Lamps (NSE:URAVI) 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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Uravi T & Wedge Lamps (NSE:URAVI) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Uravi T & Wedge Lamps Ltd (NSE:URAVI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

543930:India

Address

L.B.S. Marg, Shop Number 329, Avior, Nirmal Galaxy, Mulund (West), Mumbai, MH, IND, 400080

Website

https://www.uravilamps.com

Uravi T & Wedge Lamps Ltd is an Indian firm engaged in the manufacturing and distribution of automotive lamps and instrument cluster lighting for two-wheelers, four-wheelers, tractors, and Industrial applications for various Indian automobile manufacturers. The company's products offering includes Incandescent Head Lamps, Stop, Tail, and Indicators (Signaling Lamps), Wedge Base Lamps, Halogen Head Lamps, and others.

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