Menon Pistons (BOM:531727) Long-Term Capital Lease Obligation : ₹0 Mil (As of Mar. 2024)

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What is Menon Pistons Long-Term Capital Lease Obligation?

Menon Pistons's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil.

Menon Pistons's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹0 Mil) to Mar. 2023 (₹1 Mil) but then declined from Mar. 2023 (₹1 Mil) to Mar. 2024 (₹0 Mil).

Menon Pistons Long-Term Capital Lease Obligation Historical Data

The historical data trend for Menon Pistons'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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Menon Pistons Long-Term Capital Lease Obligation Chart

Menon Pistons Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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1.17

1.33

Menon Pistons 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															1.33	-	-	-	-

Menon Pistons (BOM:531727) 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.

Menon Pistons Long-Term Capital Lease Obligation Related Terms

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Menon Pistons (BOM:531727) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Menon Pistons Ltd (BOM:531727) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

182, Shiroli, Kolhapur, MH, IND, 416122

Website

https://www.menonindia.in

Menon Pistons Ltd engages in the manufacturing and trade of automotive parts and components. It offers pistons, gudgeon pins; gallery cut section, and rings. The company's products include cooled gallery section, articulated and Kirloskar Copeland pistons, and others for commercial vehicles, tractors, passenger cars, and heavy duty stationery engines. It has only one segment of activity namely Automotive Component.

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