Shivalik Bimetal Controls (BOM:513097) Long-Term Capital Lease Obligation : ₹1 Mil (As of Mar. 2024)

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What is Shivalik Bimetal Controls Long-Term Capital Lease Obligation?

Shivalik Bimetal Controls's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1 Mil.

Shivalik Bimetal Controls's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹2 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹1 Mil).

Shivalik Bimetal Controls's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹2 Mil) to Mar. 2023 (₹2 Mil) but then declined from Mar. 2023 (₹2 Mil) to Mar. 2024 (₹1 Mil).

Shivalik Bimetal Controls Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shivalik Bimetal Controls'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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Shivalik Bimetal Controls Long-Term Capital Lease Obligation Chart

Shivalik Bimetal Controls Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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6.35

4.02

1.94

2.14

1.08

Shivalik Bimetal Controls 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															2.14	-	1.62	-	1.08

Shivalik Bimetal Controls (BOM:513097) 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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Shivalik Bimetal Controls (BOM:513097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shivalik Bimetal Controls Ltd (BOM:513097) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SBCL:India

Address

H-2, Suneja Chambers, 2nd Floor, Alaknanda Commercial Complex, Kalkaji, New Delhi, IND, 110019

Website

https://www.shivalikbimetals.com

Shivalik Bimetal Controls Ltd is an integrated manufacturer and seller of thermostatic bimetal/tri-metal strips, component, EB welded products, cold bonded bimetal strips, and parts. Company has single segment i.e. Process and Product Engineering. It specializes in the joining of material through various methods such as diffusion bonding/cladding, electron beam welding, solder reflow, and resistance welding. The company caters to various industries applications which include Electronics, Automotive, Domestic Appliances, Industrial, Medical, Defence and Agriculture and Animal Husbandry Appliances. Geographically, it derives a majority of revenue from Rest of the world.

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