FIEM Industries (BOM:532768) Long-Term Capital Lease Obligation : ₹221 Mil (As of Mar. 2024)

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What is FIEM Industries Long-Term Capital Lease Obligation?

FIEM Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹221 Mil.

FIEM Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹226 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹221 Mil).

FIEM Industries's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹238 Mil) to Mar. 2023 (₹231 Mil) and declined from Mar. 2023 (₹231 Mil) to Mar. 2024 (₹221 Mil).

FIEM Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for FIEM Industries'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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FIEM Industries Long-Term Capital Lease Obligation Chart

FIEM Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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250.90

245.00

238.27

231.15

220.91

FIEM Industries 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															231.15	-	226.23	-	220.91

FIEM Industries (BOM:532768) 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.

FIEM Industries Long-Term Capital Lease Obligation Related Terms

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FIEM Industries (BOM:532768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » FIEM Industries Ltd (BOM:532768) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FIEMIND:India

Address

Aria Commercial Towers, Aerocity, Unit No.1A & 1C, 1st Floor, JW Marriott Hotel, New Delhi, IND, 110 037

Website

https://www.fiemindustries.com

FIEM Industries Ltd is an Indian company engaged in the manufacturing of automotive components. The company has identified two reportable business segments based on the nature of its products. The Automotive segment, which is the key revenue driver, comprises of automotive lighting and signaling equipment, rearview mirrors, prismatic mirrors, plastic molded parts, and sheet metal components for motorized vehicles and other parts for automotive. The LED Luminaries segment comprises led luminaries including indoor and outdoor lighting, display panel, and LED integrated passenger information system among others.

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