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Marco Cables and Conductors (NSE:MARCO) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)


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What is Marco Cables and Conductors Long-Term Capital Lease Obligation?

Marco Cables and Conductors's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.


Marco Cables and Conductors Long-Term Capital Lease Obligation Historical Data

The historical data trend for Marco Cables and Conductors'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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Marco Cables and Conductors Long-Term Capital Lease Obligation Chart

Marco Cables and Conductors Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
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Marco Cables and Conductors Semi-Annual Data
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Long-Term Capital Lease Obligation - - - -

Marco Cables and Conductors  (NSE:MARCO) 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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Marco Cables and Conductors Business Description

Traded in Other Exchanges
N/A
Address
Main Road, Shop No 100, Opposite Bhai Gangaram Market, Ulhasnagar, Thane, MH, IND, 421005
Marco Cables and Conductors Ltd is engaged in the business of manufacturing and selling wires, cables wires and conductors in India. The company commenced its operations with the manufacturing of wires (with aluminium/copper conductor), LT XLPE cables, LT PVC cables, and LT Aerial Bunched Cables, including AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors. Geographically the company operates in India only. The company generates all of its revenue from the sale of finished products.

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