Hardwyn India (NSE:HARDWYN) Long-Term Capital Lease Obligation : ₹7 Mil (As of Mar. 2024)

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What is Hardwyn India Long-Term Capital Lease Obligation?

Hardwyn India's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹7 Mil.

Hardwyn India's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2023 (₹0 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹7 Mil).

Hardwyn India's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2022 (₹0 Mil) to Mar. 2023 (₹0 Mil) but then increased from Mar. 2023 (₹0 Mil) to Mar. 2024 (₹7 Mil).

Hardwyn India Long-Term Capital Lease Obligation Historical Data

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

Hardwyn India Annual Data

Trend

Mar18

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Mar24

Long-Term Capital Lease Obligation

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6.62

Hardwyn India Quarterly Data
	Sep17	Jan18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													-	-	-	-	6.62

Hardwyn India (NSE:HARDWYN) 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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Hardwyn India (NSE:HARDWYN) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hardwyn India Ltd (NSE:HARDWYN) » Definitions » Long-Term Capital Lease Obligation

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541276:India

Address

Mayapuri Industrial Area, B-101, Phase-1, South West Delhi, New Delhi, IND, 110064

Website

https://www.hardwyn.com

Hardwyn India Ltd is engaged in the trading business of aluminium products including manufacturing architectural hardware and glass fittings. It provides a complete solution to residential and commercial structures. Its product range includes Door Hardware, Kitchen Hardware, Glass Hardware, and Furniture Hardware.

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