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Laxmipati Engineering Works (BOM:537669) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)


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What is Laxmipati Engineering Works Long-Term Capital Lease Obligation?

Laxmipati Engineering Works's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.


Laxmipati Engineering Works Long-Term Capital Lease Obligation Historical Data

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

Laxmipati Engineering Works Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
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Laxmipati Engineering Works Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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Laxmipati Engineering Works  (BOM:537669) 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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Laxmipati Engineering Works (BOM:537669) Business Description

Traded in Other Exchanges
N/A
Address
Central Park Society, Office Block 1st Floor, Plot No. 237/2 and 3, Sub Plot No. A/25, GIDC, Pandesara, Surat, GJ, IND, 394221
Laxmipati Engineering Works Ltd is engaged in the Business of Ship Building, Ship Repair, Fabrication, Heavy Engineering, Engineering Infrastructure and services and Precision Machining.

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