Ion Exchange (India) (BOM:500214) Long-Term Capital Lease Obligation : ₹34 Mil (As of Mar. 2023)

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What is Ion Exchange (India) Long-Term Capital Lease Obligation?

Ion Exchange (India)'s Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹34 Mil.

Ion Exchange (India)'s quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 (₹48 Mil) to Mar. 2022 (₹29 Mil) but then increased from Mar. 2022 (₹29 Mil) to Mar. 2023 (₹34 Mil).

Ion Exchange (India)'s annual Long-Term Capital Lease Obligation declined from Mar. 2021 (₹48 Mil) to Mar. 2022 (₹29 Mil) but then increased from Mar. 2022 (₹29 Mil) to Mar. 2023 (₹34 Mil).

Ion Exchange (India) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ion Exchange (India)'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.

Ion Exchange (India) Long-Term Capital Lease Obligation Chart

Ion Exchange (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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62.97

105.74

48.39

29.02

34.15

Ion Exchange (India) Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									62.97	105.74	48.39	29.02	34.15

Ion Exchange (India) (BOM:500214) 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.

Ion Exchange (India) Long-Term Capital Lease Obligation Related Terms

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Ion Exchange (India) (BOM:500214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ion Exchange (India) Ltd (BOM:500214) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

IONEXCHANG:India

Address

Dr. E. Moses Road, Ion House, Mahalaxmi, Mumbai, MH, IND, 400011

Website

https://www.ionindia.com

Ion Exchange (India) Ltd is a water solution provider. The principal activities of the company consist of the construction and maintenance of water treatment plants, wastewater treatment, manufacturing resins, specialty chemicals for water, recycling, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination, etc. The company operates its business through the Engineering division, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. The company caters to both domestic and international markets.

Ion Exchange (India) (BOM:500214) Headlines

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