The Hi-Tech Gears (BOM:522073) Long-Term Capital Lease Obligation : ₹1,054 Mil (As of Mar. 2025)

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What is The Hi-Tech Gears Long-Term Capital Lease Obligation?

The Hi-Tech Gears's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ₹1,054 Mil.

The Hi-Tech Gears's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (₹1,060 Mil) to Dec. 2024 (₹0 Mil) but then increased from Dec. 2024 (₹0 Mil) to Mar. 2025 (₹1,054 Mil).

The Hi-Tech Gears's annual Long-Term Capital Lease Obligation increased from Mar. 2023 (₹205 Mil) to Mar. 2024 (₹905 Mil) and increased from Mar. 2024 (₹905 Mil) to Mar. 2025 (₹1,054 Mil).

The Hi-Tech Gears Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Hi-Tech Gears'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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The Hi-Tech Gears Long-Term Capital Lease Obligation Chart

The Hi-Tech Gears Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Long-Term Capital Lease Obligation

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244.87

221.30

205.06

904.85

1,053.72

The Hi-Tech Gears 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															904.85	-	1,060.32	-	1,053.72

The Hi-Tech Gears (BOM:522073) 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.

The Hi-Tech Gears Long-Term Capital Lease Obligation Related Terms

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The Hi-Tech Gears Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » The Hi-Tech Gears Ltd (BOM:522073) » Definitions » Long-Term Capital Lease Obligation

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HITECHGEAR:India

Address

Sushant Lok 1, Sector 27, Tower B, 14th Floor, Unitech's Millennium plaza, Gurugram, HR, IND, 122009

Website

https://www.thehitechgears.com

The Hi-Tech Gears Ltd is a manufacturer of auto components. The company is engaged in the business of gears and transmission components. It provides diverse parts and accessories for motor vehicles such as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalyzer, clutches, steering wheels, steering columns and steering boxes. The company's product includes power takeoff, car transmission and driveline components, precision forging or precision machining, and machined sintered components. Geographically, it derives a majority of revenue from India and also has its presence in America and Other countries.

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