Indo-National (BOM:504058) Long-Term Capital Lease Obligation : ₹8 Mil (As of Mar. 2024)

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What is Indo-National Long-Term Capital Lease Obligation?

Indo-National's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹8 Mil.

Indo-National's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹10 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹8 Mil).

Indo-National's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹10 Mil) to Mar. 2023 (₹10 Mil) and declined from Mar. 2023 (₹10 Mil) to Mar. 2024 (₹8 Mil).

Indo-National Long-Term Capital Lease Obligation Historical Data

The historical data trend for Indo-National'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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Indo-National Long-Term Capital Lease Obligation Chart

Indo-National Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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9.74

9.63

7.81

Indo-National 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															9.63	-	9.51	-	7.81

Indo-National (BOM:504058) 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.

Indo-National Long-Term Capital Lease Obligation Related Terms

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Indo-National (BOM:504058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Indo-National Ltd (BOM:504058) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

NIPPOBATRY:India

Address

Nungambakkam High Road, Pottipati Plaza, 3rd Floor, Door No.77, Nungambakkam, Chennai, TN, IND, 600 034

Website

https://www.nippo.in

Indo-National Ltd manufactures and sells dry cell batteries and lighting products in India. It offers AA, AAA, C, and D, alkaline, and 9V batteries; torches; and emergency power products. The company also provides cylindrical and square LED downlights, LED panel lights, LED downlights, LED spotlights, LED tube lights, LED bulbs, LED floodlights, and grid-based LED streetlights. It operates in one reportable segment including Consumer Goods.

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