Mahindra & Mahindra (Mahindra & Mahindra) Long-Term Capital Lease Obligation : $334 Mil (As of Sep. 2023)

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What is Mahindra & Mahindra Long-Term Capital Lease Obligation?

Mahindra & Mahindra's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $334 Mil.

Mahindra & Mahindra's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($306 Mil) to Mar. 2023 ($350 Mil) but then declined from Mar. 2023 ($350 Mil) to Sep. 2023 ($334 Mil).

Mahindra & Mahindra's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($292 Mil) to Mar. 2022 ($319 Mil) and increased from Mar. 2022 ($319 Mil) to Mar. 2023 ($350 Mil).

Mahindra & Mahindra Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mahindra & Mahindra'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.

Mahindra & Mahindra Long-Term Capital Lease Obligation Chart

Mahindra & Mahindra Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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308.37

292.26

319.28

350.39

Mahindra & Mahindra Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															311.84	319.28	305.96	350.39	333.98

Mahindra & Mahindra (OTCPK:MAHMF) 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.

Mahindra & Mahindra Long-Term Capital Lease Obligation Related Terms

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Mahindra & Mahindra (Mahindra & Mahindra) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mahindra & Mahindra Ltd (OTCPK:MAHMF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

M&M:India 500520:India MHIDl:UK MHID:UK MOM:Germany

Address

Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, IND, 400 018

Website

https://www.mahindra.com

Mahindra & Mahindra Ltd is a holding company. The company's segment includes Automotive; Farm Equipment and others. It generates maximum revenue from the Automotive segment. The Automotive segment comprises of sale of automobiles, spares, mobility solutions, construction equipments, and related services. Geographically, it derives a majority of revenue from India.