Vascon Engineers (BOM:533156) Long-Term Capital Lease Obligation : ₹127 Mil (As of Mar. 2024)

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What is Vascon Engineers Long-Term Capital Lease Obligation?

Vascon Engineers's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹127 Mil.

Vascon Engineers's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹45 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹127 Mil).

Vascon Engineers's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹53 Mil) to Mar. 2023 (₹47 Mil) but then increased from Mar. 2023 (₹47 Mil) to Mar. 2024 (₹127 Mil).

Vascon Engineers Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vascon Engineers'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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Vascon Engineers Long-Term Capital Lease Obligation Chart

Vascon Engineers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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16.53

4.11

52.52

46.56

127.40

Vascon Engineers 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															46.56	-	45.10	-	127.40

Vascon Engineers (BOM:533156) 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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Vascon Engineers (BOM:533156) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Vascon Engineers Ltd (BOM:533156) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

VASCONEQ:India

Address

Pune - Nagar Road, Vascon Weikfield Chambers, Behind Hotel Novotel, Opposite Hyatt Hotel, Pune, MH, IND, 411014

Website

https://www.vascon.com

Vascon Engineers Ltd is a construction company that is engaged in developing, constructing, and managing different engineering, procurement, and construction (EPC), real estate development and Manufacturing and BMS. The EPC operations of the company, which is the key revenue driver, focus on the residential, commercial, industrial, institutional, hospital, and hospitality sectors. The real estate operations include residential projects like GoodLife, Vista Phase 2, Forest Edge, among others; and commercial projects like Platinum Square Phase 2, Almonte, Phoenix IT Park among others.

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