Anand Rathi Wealth (BOM:543415) Long-Term Capital Lease Obligation : ₹347 Mil (As of Mar. 2024)

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What is Anand Rathi Wealth Long-Term Capital Lease Obligation?

Anand Rathi Wealth's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹347 Mil.

Anand Rathi Wealth's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹272 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹347 Mil).

Anand Rathi Wealth's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹85 Mil) to Mar. 2023 (₹142 Mil) and increased from Mar. 2023 (₹142 Mil) to Mar. 2024 (₹347 Mil).

Anand Rathi Wealth Long-Term Capital Lease Obligation Historical Data

The historical data trend for Anand Rathi Wealth'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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Anand Rathi Wealth Long-Term Capital Lease Obligation Chart

Anand Rathi Wealth Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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165.06

63.74

85.40

141.68

346.86

Anand Rathi Wealth Quarterly Data
	Mar19	Mar20	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											141.68	-	271.51	-	346.86

Anand Rathi Wealth (BOM:543415) 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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Anand Rathi Wealth (BOM:543415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Anand Rathi Wealth Ltd (BOM:543415) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ANANDRATHI:India

Address

Senapati Bapat Marg, Trade Link, 2nd and 3rd Floor, E Wing, B and C Block, Kamla Mill Compound, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.rathi.com

Anand Rathi Wealth Ltd is a non-bank wealth solutions firm. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients.

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