AAVAS Financiers (BOM:541988) Long-Term Capital Lease Obligation : ₹618 Mil (As of Mar. 2024)

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What is AAVAS Financiers Long-Term Capital Lease Obligation?

AAVAS Financiers's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹618 Mil.

AAVAS Financiers's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹552 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹618 Mil).

AAVAS Financiers's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹395 Mil) to Mar. 2023 (₹466 Mil) and increased from Mar. 2023 (₹466 Mil) to Mar. 2024 (₹618 Mil).

AAVAS Financiers Long-Term Capital Lease Obligation Historical Data

The historical data trend for AAVAS Financiers'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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AAVAS Financiers Long-Term Capital Lease Obligation Chart

AAVAS Financiers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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211.34

234.40

394.82

465.88

618.11

AAVAS Financiers 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															465.88	-	551.56	-	618.11

AAVAS Financiers (BOM:541988) 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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AAVAS Financiers (BOM:541988) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » AAVAS Financiers Ltd (BOM:541988) » Definitions » Long-Term Capital Lease Obligation

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AAVAS:India

Address

Mansarover Industrial Area, 201-202, 2nd Floor, Southend Square, Jaipur, RJ, IND, 302 020

Website

https://www.aavas.in

AAVAS Financiers Ltd is a housing finance company. The company provides housing loans to customers belonging to the low and middle-income and self-employed segments in suburban and rural India. Its only operating segment is Lending to borrowers. The company's product portfolio includes home loans, land purchases and construction, home improvement loans, home equity, micro, small, and medium enterprise loan, and others. It offers customers loans for the purchase or construction of residential properties and the extension and repair of existing housing units.

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