Archean Chemical Industries (BOM:543657) Long-Term Capital Lease Obligation : ₹312 Mil (As of Mar. 2024)

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What is Archean Chemical Industries Long-Term Capital Lease Obligation?

Archean Chemical Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹312 Mil.

Archean Chemical Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹323 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹312 Mil).

Archean Chemical Industries's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹455 Mil) to Mar. 2023 (₹357 Mil) and declined from Mar. 2023 (₹357 Mil) to Mar. 2024 (₹312 Mil).

Archean Chemical Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Archean Chemical Industries'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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Archean Chemical Industries Long-Term Capital Lease Obligation Chart

Archean Chemical Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

381.62

401.78

454.90

357.12

312.26

Archean Chemical Industries Quarterly Data
	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								357.12	-	323.11	-	312.26

Archean Chemical Industries (BOM:543657) 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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Archean Chemical Industries (BOM:543657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Archean Chemical Industries Ltd (BOM:543657) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

ACI:India

Address

No. 2, North Crescent Road, T Nagar, Chennai, TN, IND, 600 017

Website

https://www.archeanchemicals.com

Archean Chemical Industries Ltd exporter of bromine and industrial salt. It is a specialty marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.

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