Wheels India (BOM:590073) Long-Term Capital Lease Obligation : ₹108 Mil (As of Mar. 2024)

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What is Wheels India Long-Term Capital Lease Obligation?

Wheels India's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹108 Mil.

Wheels India's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹110 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹108 Mil).

Wheels India's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹172 Mil) to Mar. 2023 (₹110 Mil) and declined from Mar. 2023 (₹110 Mil) to Mar. 2024 (₹108 Mil).

Wheels India Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wheels India'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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Wheels India Long-Term Capital Lease Obligation Chart

Wheels India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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72.10

150.90

171.80

110.00

107.80

Wheels India 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															110.00	-	109.60	-	107.80

Wheels India (BOM:590073) 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.

Wheels India Long-Term Capital Lease Obligation Related Terms

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Wheels India (BOM:590073) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wheels India Ltd (BOM:590073) » Definitions » Long-Term Capital Lease Obligation

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WHEELS:India

Address

M.T.H. Road, Padi, Chennai, TN, IND, 600 050

Website

https://www.wheelsindia.com

Wheels India Ltd is a manufacturer of automobile wheels. The firm is organized into Automotive Components and Industrial Components segment. The automotive company segment is engaged in the manufacture of road wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment; however, the group is also engaged in the manufacturing suspension products for the vehicles. The industrial segment includes components and structures for windmills, railways and thermal power plants. It operates in the Indian and international markets, of which key revenue is derived from India. The majority of the company's revenue is generated from Automotive components.

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