JK Paper (NSE:JKPAPER) Long-Term Capital Lease Obligation : ₹650 Mil (As of Mar. 2024)

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What is JK Paper Long-Term Capital Lease Obligation?

JK Paper's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹650 Mil.

JK Paper's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹699 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹650 Mil).

JK Paper's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹576 Mil) to Mar. 2023 (₹543 Mil) but then increased from Mar. 2023 (₹543 Mil) to Mar. 2024 (₹650 Mil).

JK Paper Long-Term Capital Lease Obligation Historical Data

The historical data trend for JK Paper'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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JK Paper Long-Term Capital Lease Obligation Chart

JK Paper Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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131.40

575.80

543.00

650.00

JK Paper 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															543.00	-	699.10	-	650.00

JK Paper (NSE:JKPAPER) 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.

JK Paper Long-Term Capital Lease Obligation Related Terms

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JK Paper (NSE:JKPAPER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » JK Paper Ltd (NSE:JKPAPER) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

532162:India

Address

4 Bahadur Shah Zafar Marg, Nehru House, 3rd Floor, New Delhi, IND, 110 002

Website

https://www.jkpaper.com

JK Paper Ltd is a paper manufacturing company. Its products are paper and paper board. The company offers various categories of paper products including official documentation such as photocopy and multi-purpose papers for use in desktops, photocopiers, and multifunctional devices; uncoated writing and printing paper; coated paper and board; and packaging board to service the varied needs of the packaging industry. It markets the products through the distribution network of distributors, depots, regional marketing offices, and other dealers. The product brands of the company include JK Cedar, JK Copier, JK Easy Copier, and Others. The majority of the company's revenue comes from India.

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