Sanco Trans (BOM:523116) Long-Term Capital Lease Obligation : ₹5.3 Mil (As of Mar. 2024)

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What is Sanco Trans Long-Term Capital Lease Obligation?

Sanco Trans's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5.3 Mil.

Sanco Trans's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹8.1 Mil) to Dec. 2023 (₹0.0 Mil) but then increased from Dec. 2023 (₹0.0 Mil) to Mar. 2024 (₹5.3 Mil).

Sanco Trans's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹27.8 Mil) to Mar. 2023 (₹7.1 Mil) and declined from Mar. 2023 (₹7.1 Mil) to Mar. 2024 (₹5.3 Mil).

Sanco Trans Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sanco Trans'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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Sanco Trans Long-Term Capital Lease Obligation Chart

Sanco Trans Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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20.47

17.87

27.82

7.05

5.26

Sanco Trans 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															7.05	-	8.11	-	5.26

Sanco Trans (BOM:523116) 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.

Sanco Trans Long-Term Capital Lease Obligation Related Terms

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Sanco Trans (BOM:523116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sanco Trans Ltd (BOM:523116) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Second Line Beach Road, S.T. Tower, New Number 24 & 25, II Floor, Chennai, TN, IND, 600001

Website

https://www.sancotrans.com

Sanco Trans Ltd is engaged in the logistics business in India. The company provides logistics services across multimodal transport operators and container freight station operations, air cargo services for perishable and dangerous goods, transport, and heavy equipment for the handling of materials. It also provides stevedoring, warehousing, and distribution services; container terminal maintenance and repair services; customs clearance and port formalities; and multimodal transport operation and freight forwarding services. The business derives revenue from the provision of Equipment and fleet hire, Warehouse, Handling and Agency, and other services, of which substantial income accrues from handling services.

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