Permanent Magnets (BOM:504132) Long-Term Capital Lease Obligation : ₹83 Mil (As of Mar. 2024)

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What is Permanent Magnets Long-Term Capital Lease Obligation?

Permanent Magnets's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹83 Mil.

Permanent Magnets's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹9 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹83 Mil).

Permanent Magnets's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹15 Mil) to Mar. 2023 (₹0 Mil) but then increased from Mar. 2023 (₹0 Mil) to Mar. 2024 (₹83 Mil).

Permanent Magnets Long-Term Capital Lease Obligation Historical Data

The historical data trend for Permanent Magnets'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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Permanent Magnets Long-Term Capital Lease Obligation Chart

Permanent Magnets Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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30.40

18.74

15.26

82.50

Permanent Magnets 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															-	-	9.10	-	82.50

Permanent Magnets (BOM:504132) 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.

Permanent Magnets Long-Term Capital Lease Obligation Related Terms

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Permanent Magnets (BOM:504132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Permanent Magnets Ltd (BOM:504132) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Plot No. B-3, MIDC Industrial Area, Village Mira, Mira Road (East), Thane, MH, IND, 401107

Website

https://www.pmlindia.com

Permanent Magnets Ltd is an Indian based company. It is engaged in the manufacturing of cast magnets and parts and accessories for electricity meters and its application. The magnets are used in electronics, electricity meters, automobile industries, telecommunication, defense, space research, aeronautics, railways, and electricity generation industries. Its product portfolio includes magnetic assemblies, shunts, brass terminals, magnetic separators, electromagnets, alnico magnets, and others. The company derives the majority of its revenue from sales of parts and accessories of the electricity meter. The company operates in one single segment which is Engineering and Current Sensing application.

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