Steel Exchange India (BOM:534748) Long-Term Capital Lease Obligation : ₹0 Mil (As of Mar. 2024)

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What is Steel Exchange India Long-Term Capital Lease Obligation?

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

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

Steel Exchange India Long-Term Capital Lease Obligation Historical Data

The historical data trend for Steel Exchange India'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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Steel Exchange India Long-Term Capital Lease Obligation Chart

Steel Exchange India Annual Data

Trend

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Mar24

Long-Term Capital Lease Obligation

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4.87

Steel Exchange India 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															4.87	-	-	-	-

Steel Exchange India (BOM:534748) 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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Steel Exchange India (BOM:534748) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel Exchange India Ltd (BOM:534748) » Definitions » Long-Term Capital Lease Obligation

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STEELXIND:India

Address

Block A, Green City Towers, Near Apparel Export Park, Green City, Vadlapudi Post, Visakhapatnam, AP, IND, 530049

Website

https://www.seil.co.in

Steel Exchange India Ltd is engaged in the business of manufacturing and marketing iron and steel products. It operates in the Iron and Steel and Power segment. The division also deals with the products manufactured by the company namely TMT bars, Sponge Iron, and Steel billet, RINL (Vizag Steel) and is marketed in some of the coastal regions. The company also engages in the generation and sale of power to power traders. The company generates the majority of its revenue from the Iron and steel segment.

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