Industrial Investment Trust (NSE:IITL) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)

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What is Industrial Investment Trust Long-Term Capital Lease Obligation?

Industrial Investment Trust's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.

Industrial Investment Trust's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹11.2 Mil) to Mar. 2023 (₹0.0 Mil) but then stayed the same from Mar. 2023 (₹0.0 Mil) to Mar. 2024 (₹0.0 Mil).

Industrial Investment Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Industrial Investment Trust'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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Industrial Investment Trust Long-Term Capital Lease Obligation Chart

Industrial Investment Trust Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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5.23

16.09

11.24

Industrial Investment Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Industrial Investment Trust (NSE:IITL) 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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Industrial Investment Trust (NSE:IITL) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Industrial Investment Trust Ltd (NSE:IITL) » Definitions » Long-Term Capital Lease Obligation

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501295:India

Address

Bandra Kurla Complex, Office No.101A, The Capital, B wing, G Block, Plot No. C-70, Bandra (East), Mumbai, MH, IND, 400051

Website

https://www.iitlgroup.com

Industrial Investment Trust Ltd is a non-banking financial company. Its operations are into the segments of Investment Activities, Insurance Broking, Real Estate Activities, Investment Brokerage Services and others. A majority of its revenue is derived from the Investment Activities segment. The company operates only in India.

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