Surya Roshni (BOM:500336) Long-Term Capital Lease Obligation : ₹65 Mil (As of Mar. 2024)

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What is Surya Roshni Long-Term Capital Lease Obligation?

Surya Roshni's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹65 Mil.

Surya Roshni's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹68 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹65 Mil).

Surya Roshni's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹70 Mil) to Mar. 2023 (₹68 Mil) and declined from Mar. 2023 (₹68 Mil) to Mar. 2024 (₹65 Mil).

Surya Roshni Long-Term Capital Lease Obligation Historical Data

The historical data trend for Surya Roshni'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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Surya Roshni Long-Term Capital Lease Obligation Chart

Surya Roshni Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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137.60

70.20

68.20

64.60

Surya Roshni Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															68.20	-	68.20	-	64.60

Surya Roshni (BOM:500336) 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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Surya Roshni (BOM:500336) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Surya Roshni Ltd (BOM:500336) » Definitions » Long-Term Capital Lease Obligation

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SURYAROSNI:India

Address

5, Rajendra Place, 2nd Floor, Padma Tower - 1, New Delhi, IND, 110008

Website

https://www.surya.co.in

Surya Roshni Ltd is an Indian-based company involved in the manufacturing and marketing of lighting and steel tube products. The business activity of the firm has functioned through Steel pipes and Strips and Lighting and consumer durables segments. The Steel Pipe and Strips segment manufacturing and sale of steel pipes, cold rolled strips and steel structures. The Lighting and consumer durables segment is engaged in the manufacturing and sale of different varieties of Lamps, fittings, Fans, Appliances and allied items. Geographically all the business operations are operated from India, however, the business presence and the products are sold within the Indian and international market.

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