Treet Battery (KAR:TBL) Long-Term Capital Lease Obligation : ₨8 Mil (As of Mar. 2024)

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What is Treet Battery Long-Term Capital Lease Obligation?

Treet Battery's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨8 Mil.

Treet Battery's quarterly Long-Term Capital Lease Obligation stayed the same from . 20 (₨0 Mil) to Mar. 2023 (₨0 Mil) but then increased from Mar. 2023 (₨0 Mil) to Mar. 2024 (₨8 Mil).

Treet Battery Long-Term Capital Lease Obligation Historical Data

The historical data trend for Treet Battery'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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Treet Battery Long-Term Capital Lease Obligation Chart

Treet Battery Annual Data

Trend

Long-Term Capital Lease Obligation

Treet Battery Quarterly Data
	Mar23	Mar24
Long-Term Capital Lease Obligation	-	7.79

Treet Battery (KAR:TBL) 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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Treet Battery (KAR:TBL) Business Description

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Address

Website

https://www.treetcorp.com

Treet Battery Ltd is a company which carries out business as manufacturers, assemblers, processors, producers, suppliers, sellers, importers, exporters, makers, fabricators and dealers in all batteries including but not limited to lead acid batteries, deep cycle batteries, lithium batteries, nickel cadmimum batteries, nickel metal hydride batteries, absorbed glass mat batteries, Gel batteries used in or required for industrial, transport, commercial and domestic and any other purpose.

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