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Tirupati Graphite (LSE:TGR) Long-Term Capital Lease Obligation : £0.03 Mil (As of Sep. 2023)


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What is Tirupati Graphite Long-Term Capital Lease Obligation?

Tirupati Graphite's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.03 Mil.

Tirupati Graphite's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (£0.03 Mil) to Mar. 2023 (£0.03 Mil) and declined from Mar. 2023 (£0.03 Mil) to Sep. 2023 (£0.03 Mil).

Tirupati Graphite's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (£0.02 Mil) to Mar. 2022 (£0.03 Mil) but then stayed the same from Mar. 2022 (£0.03 Mil) to Mar. 2023 (£0.03 Mil).

Tirupati Graphite Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tirupati Graphite'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.

* Premium members only.

Tirupati Graphite Long-Term Capital Lease Obligation Chart

Tirupati Graphite Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 0.04 0.04 0.02 0.03 0.03

Tirupati Graphite Semi-Annual Data
Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only - 0.03 0.03 0.03 0.03

Tirupati Graphite  (LSE:TGR) 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.

Tirupati Graphite Long-Term Capital Lease Obligation Related Terms

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Tirupati Graphite Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tirupati Graphite PLC (LSE:TGR) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
TGRHF:USA 0WL:Germany
Address
118 Piccadilly, London, GBR, W1J 7NW
Website
https://www.tirupatigraphite.co.uk
Tirupati Graphite Plc is developing its business as a specialist flake graphite company and developing materials, which contributes to the green economy being critical to the energy transition goal. It operates in three primary business segments: Holding Companies Expenses, Mining Exploration and Development and Graphite Mining Extraction. The products and uses for which it is employed include lithiumion batteries, fuel cells, two-dimensional graphene, water purification, electronics, fibre optics, spintronics, refractories, electrical products, electric vehicles, flame retardants, solid-state high-temperature lubricant, conductive polymers and friction materials. The company is focused on developing the Vatomina Project and the Sahamamy Project.