Rico Auto Industries (BOM:520008) Long-Term Capital Lease Obligation : ₹235 Mil (As of Mar. 2024)

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What is Rico Auto Industries Long-Term Capital Lease Obligation?

Rico Auto Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹235 Mil.

Rico Auto Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹211 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹235 Mil).

Rico Auto Industries's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹249 Mil) to Mar. 2023 (₹187 Mil) but then increased from Mar. 2023 (₹187 Mil) to Mar. 2024 (₹235 Mil).

Rico Auto Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rico Auto Industries'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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Rico Auto Industries Long-Term Capital Lease Obligation Chart

Rico Auto Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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108.30

248.80

186.60

234.70

Rico Auto Industries 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															186.60	-	211.40	-	234.70

Rico Auto Industries (BOM:520008) 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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Rico Auto Industries (BOM:520008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rico Auto Industries Ltd (BOM:520008) » Definitions » Long-Term Capital Lease Obligation

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RICOAUTO:India

Address

Delhi - Jaipur Highway, 38 KM Stone, Gurugram, HR, IND, 122001

Website

https://www.ricoauto.com

Rico Auto Industries Ltd is an established and reputed engineering group sharply focused on the automobile industry. The primary activity of the group includes the manufacturing and sale of auto components for two-wheelers and four-wheelers to original equipment manufacturers. In addition, the company also provides integrated services such as design, development, tooling, casting, machining, and assembly of ferrous and aluminum products. The company generates the majority of its revenue from India.

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