Lokesh Machines (BOM:532740) Long-Term Capital Lease Obligation : ₹0 Mil (As of Mar. 2024)

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What is Lokesh Machines Long-Term Capital Lease Obligation?

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

Lokesh Machines's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹1 Mil) to Mar. 2023 (₹5 Mil) but then declined from Mar. 2023 (₹5 Mil) to Mar. 2024 (₹0 Mil).

Lokesh Machines Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lokesh Machines'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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Lokesh Machines Long-Term Capital Lease Obligation Chart

Lokesh Machines Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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7.48

3.69

1.39

4.58

Lokesh Machines 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															4.58	-	-	-	-

Lokesh Machines (BOM:532740) 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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Lokesh Machines (BOM:532740) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lokesh Machines Ltd (BOM:532740) » Definitions » Long-Term Capital Lease Obligation

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LOKESHMACH:India

Address

B-29, EEIE, Stage-II, Balanagar, Hyderabad, TG, IND, 500037

Website

https://www.lokeshmachines.com

Lokesh Machines Ltd is engaged in the manufacturing of machine tools and components. The company manufactures machines tools such as CNC Machines, Special purpose machines, Jigs & Fixtures, Auto Components, Precision Engineering Components, and Sub-Assemblies. It operates through two segments: Machine division and Components division. The Machine division generates maximum revenue for the company.

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