GIC Housing Finance (BOM:511676) Long-Term Capital Lease Obligation : ₹233 Mil (As of Mar. 2025)

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What is GIC Housing Finance Long-Term Capital Lease Obligation?

GIC Housing Finance's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ₹233 Mil.

GIC Housing Finance's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (₹250 Mil) to Dec. 2024 (₹0 Mil) but then increased from Dec. 2024 (₹0 Mil) to Mar. 2025 (₹233 Mil).

GIC Housing Finance's annual Long-Term Capital Lease Obligation declined from Mar. 2023 (₹178 Mil) to Mar. 2024 (₹142 Mil) but then increased from Mar. 2024 (₹142 Mil) to Mar. 2025 (₹233 Mil).

GIC Housing Finance Long-Term Capital Lease Obligation Historical Data

The historical data trend for GIC Housing Finance'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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GIC Housing Finance Long-Term Capital Lease Obligation Chart

GIC Housing Finance Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Long-Term Capital Lease Obligation

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123.90

116.40

177.70

141.50

232.80

GIC Housing Finance Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															141.50	-	250.10	-	232.80

GIC Housing Finance (BOM:511676) 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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GIC Housing Finance Business Description

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GICHSGFIN:India

Address

14, Jamshedji Tata Road, 6th Floor, National Insurance Building, Churchgate, Mumbai, MH, IND, 400 020

Website

https://www.gichfindia.com

GIC Housing Finance Ltd is a specialty finance firm located in India. It was formed with the objective of entering the field of direct lending to individuals and other corporates to accelerate housing activities in India. The primary activity of the company is granting housing loans to individuals and to persons/entities involved in the construction of houses for residential purposes. The company is exclusively engaged in the housing finance business and revenues are mainly derived from Interest Income. It operates in a single business segment which is financing.

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