Gala Precision Engineering (BOM:544244) Long-Term Capital Lease Obligation : ₹7 Mil (As of Mar. 2025)

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What is Gala Precision Engineering Long-Term Capital Lease Obligation?

Gala Precision Engineering's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ₹7 Mil.

Gala Precision Engineering's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (₹10 Mil) to Dec. 2024 (₹0 Mil) but then increased from Dec. 2024 (₹0 Mil) to Mar. 2025 (₹7 Mil).

Gala Precision Engineering's annual Long-Term Capital Lease Obligation declined from Mar. 2023 (₹15 Mil) to Mar. 2024 (₹11 Mil) and declined from Mar. 2024 (₹11 Mil) to Mar. 2025 (₹7 Mil).

Gala Precision Engineering Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gala Precision Engineering'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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Gala Precision Engineering Long-Term Capital Lease Obligation Chart

Gala Precision Engineering Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Mar25

Long-Term Capital Lease Obligation

14.89

11.43

7.37

Gala Precision Engineering Quarterly Data
	Mar21	Mar22	Mar23	Sep23	Dec23	Mar24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	11.43	9.52	-	7.37

Gala Precision Engineering (BOM:544244) 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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Gala Precision Engineering Business Description

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GALAPREC:India

Address

Ghodbunder Road Majiwade, A-801, 8th Floor, Thane One DIL Complex, Thane West, Thane, MH, IND, 400610

Website

https://www.galagroup.com

Gala Precision Engineering Ltd is a precision component manufacturer of technical springs like disc & strip springs (DSS) including wedge lock washers; coil & spiral springs (CSS) and special fastening solutions (SFS) supplying to original equipment manufacturers (OEMs), Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydropower plants, various industrial sectors such as electrical, off-highway equipments, infrastructure and general engineering, mobility segments such as automotive and railways.

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