AIA Engineering (BOM:532683) Long-Term Capital Lease Obligation : ₹18 Mil (As of Sep. 2024)

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What is AIA Engineering Long-Term Capital Lease Obligation?

AIA Engineering's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹18 Mil.

AIA Engineering's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (₹34 Mil) to Jun. 2024 (₹0 Mil) but then increased from Jun. 2024 (₹0 Mil) to Sep. 2024 (₹18 Mil).

AIA Engineering's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹34 Mil) to Mar. 2023 (₹30 Mil) but then increased from Mar. 2023 (₹30 Mil) to Mar. 2024 (₹34 Mil).

AIA Engineering Long-Term Capital Lease Obligation Historical Data

The historical data trend for AIA Engineering'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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AIA Engineering Long-Term Capital Lease Obligation Chart

AIA Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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105.73

57.72

34.24

29.96

34.05

AIA Engineering Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															18.98	-	34.05	-	18.43

AIA Engineering (BOM:532683) 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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AIA Engineering Business Description

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AIAENG:India

Address

Off. S. G. Highway, Sindhu Bhavan Road, 11-12, Sigma Corporates, Behind HOF Showroom, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

http://www.aiaengineering.com

AIA Engineering Ltd is an India-based company that develops, manufactures, and distributes chromium consumable wear parts, including grinding media, shell liners, diaphragms, grinding tables, heat-resistant castings, cone crushers, and others. The Company primarily operates in only one Segment which is Manufacturing of High Chrome Mill Internals. The company's products are applied in the crushing/grinding processes in the cement, mining, thermal power, and other sectors. AIA Engineering Ltd generates the majority of its sales from markets outside of India. Vega Industries, a wholly-owned subsidiary of this company, is responsible for distributing the company's products outside India.

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