Eicher Motors (BOM:505200) Long-Term Capital Lease Obligation : ₹1,080 Mil (As of Mar. 2024)

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What is Eicher Motors Long-Term Capital Lease Obligation?

Eicher Motors's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,080 Mil.

Eicher Motors's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹1,091 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹1,080 Mil).

Eicher Motors's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹353 Mil) to Mar. 2023 (₹678 Mil) and increased from Mar. 2023 (₹678 Mil) to Mar. 2024 (₹1,080 Mil).

Eicher Motors Long-Term Capital Lease Obligation Historical Data

The historical data trend for Eicher Motors'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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Eicher Motors Long-Term Capital Lease Obligation Chart

Eicher Motors Annual Data

Trend

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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777.20

461.20

353.20

677.90

1,079.80

Eicher Motors 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															677.90	-	1,090.80	-	1,079.80

Eicher Motors (BOM:505200) 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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Eicher Motors (BOM:505200) Business Description

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EICHERMOT:India

Address

No. 96, Sector 32, Gurugram, HR, IND, 122001

Website

https://www.eichermotors.com

Eicher Motors Ltd is an Indian automobile manufacturer. The company organizes itself into two divisions, based on product type: motorcycles, and commercial vehicles. The motorcycles division, the most significant contributor to Eicher Motors' revenue, produces motorcycles through the Royal Enfield brand. The commercial vehicles divisions, through a joint venture with Volvo, produces trucks and buses for sale in India and other developing markets. The company derives the vast majority of revenue domestically.

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