India Nippon Electricals (BOM:532240) Long-Term Capital Lease Obligation : ₹21 Mil (As of Mar. 2024)

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What is India Nippon Electricals Long-Term Capital Lease Obligation?

India Nippon Electricals's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹21 Mil.

India Nippon Electricals's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹26 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹21 Mil).

India Nippon Electricals's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹33 Mil) to Mar. 2023 (₹29 Mil) and declined from Mar. 2023 (₹29 Mil) to Mar. 2024 (₹21 Mil).

India Nippon Electricals Long-Term Capital Lease Obligation Historical Data

The historical data trend for India Nippon Electricals'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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India Nippon Electricals Long-Term Capital Lease Obligation Chart

India Nippon Electricals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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40.70

35.11

33.20

29.40

21.20

India Nippon Electricals 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															29.40	-	25.50	-	21.20

India Nippon Electricals (BOM:532240) 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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India Nippon Electricals (BOM:532240) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » India Nippon Electricals Ltd (BOM:532240) » Definitions » Long-Term Capital Lease Obligation

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INDNIPPON:India

Address

No. 11 and 13, (Old No. 6 and 7) Patullos Road, Chennai, TN, IND, 600002

Website

https://www.indianippon.com

India Nippon Electricals Ltd is an India based company, engages in the business of manufacturing electronic ignition systems for two-wheelers, three-wheelers, and portable engines. The company offers AC generator products, such as flywheel magneto, stator, and rotor products, as well as CDI and TCI products, regulator and rectifier units, ignition coils, exhaust gas recirculation controllers, engine controller units, auto choke-generation purpose engines, dual output ignition products, non-contact and contact type throttle position sensors, and PM alternators. Geographically, it derives a majority of revenue from India.

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