LIC Housing Finance (NSE:LICHSGFIN) Long-Term Capital Lease Obligation : ₹0 Mil (As of Dec. 2023)

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What is LIC Housing Finance Long-Term Capital Lease Obligation?

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

LIC Housing Finance Long-Term Capital Lease Obligation Historical Data

The historical data trend for LIC Housing Finance'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.
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LIC Housing Finance Long-Term Capital Lease Obligation Chart

LIC Housing Finance Annual Data

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Long-Term Capital Lease Obligation

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LIC Housing Finance Quarterly Data
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LIC Housing Finance (NSE:LICHSGFIN) 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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LIC Housing Finance (NSE:LICHSGFIN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » LIC Housing Finance Ltd (NSE:LICHSGFIN) » Definitions » Long-Term Capital Lease Obligation

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500253:India

Address

131 Maker Tower, F Premises, 13th Floor, Cuffe Parade, Mumbai, MH, IND, 400 005

Website

https://www.lichousing.com

LIC Housing Finance Ltd is a housing finance company that provides loans, primarily in India. Its main objective is to provide long-term finance to individuals for residential purchases or construction. LIC Housing provides a wide range of loan products to individuals and also provides commercial financing for corporations and building developers. These activities include senior housing, marketing of financial services, and investment management.

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