Elgi Equipments (NSE:ELGIEQUIP) Long-Term Capital Lease Obligation : ₹0 Mil (As of Dec. 2023)

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What is Elgi Equipments Long-Term Capital Lease Obligation?

Elgi Equipments's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil.

Elgi Equipments's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₹0 Mil) to Sep. 2023 (₹537 Mil) but then declined from Sep. 2023 (₹537 Mil) to Dec. 2023 (₹0 Mil).

Elgi Equipments's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (₹504 Mil) to Mar. 2022 (₹479 Mil) but then increased from Mar. 2022 (₹479 Mil) to Mar. 2023 (₹480 Mil).

Elgi Equipments Long-Term Capital Lease Obligation Historical Data

The historical data trend for Elgi Equipments'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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Elgi Equipments Long-Term Capital Lease Obligation Chart

Elgi Equipments Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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59.50

333.94

504.20

478.60

479.77

Elgi Equipments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	479.77	-	536.88	-

Elgi Equipments (NSE:ELGIEQUIP) 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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Elgi Equipments (NSE:ELGIEQUIP) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elgi Equipments Ltd (NSE:ELGIEQUIP) » Definitions » Long-Term Capital Lease Obligation

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522074:India

Address

Trichy Road, Elgi Industrial Complex III, Singanallur, Coimbatore, TN, IND, 641 005

Website

https://www.elgi.com

Elgi Equipments Ltd manufactures air compressors and compressed air systems. The segment in which the group operates includes Air Compressors and Automotive Equipment. Its products include piston compressors, electric lubricated screw compressors, electric oil-free screw compressors, portable compressors, railway compressors and air accessories. Geographically, it derives a majority of its revenue is from India and also has a presence in the United States of America, Italy, Australia, and Other Countries. It serves Textiles; Manufacturing; Pharmaceutical; Agriculture and Mining. The company generates maximum revenue from the Air Compressors segment.

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