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Megatherm Induction (NSE:MEGATHERM) Long-Term Capital Lease Obligation : ₹0 Mil (As of Mar. 2024)


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What is Megatherm Induction Long-Term Capital Lease Obligation?

Megatherm Induction's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil.


Megatherm Induction Long-Term Capital Lease Obligation Historical Data

The historical data trend for Megatherm Induction'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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Megatherm Induction Long-Term Capital Lease Obligation Chart

Megatherm Induction Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
- - - -

Megatherm Induction Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24
Long-Term Capital Lease Obligation - - - - -

Megatherm Induction  (NSE:MEGATHERM) 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.

Megatherm Induction Long-Term Capital Lease Obligation Related Terms

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Megatherm Induction Business Description

Traded in Other Exchanges
N/A
Address
Plot- L1 Block GP, Sector V, Electronics Complex, Salt lake City, Kolkata, WB, IND, 700091
Megatherm Induction Ltd is mainly involved in manufacturing and selling capital equipment such as induction melting and heating equipment, arc melting furnaces, ladle refining furnaces, continuous casting machines, and transformers. The company's products include automation, forging shop and mass heating equipment, foundry melt shop equipment, heat treatment and special applications, and pipes and tubes for heating, welding, and steel melt shop equipment. The company generates the majority of its revenue from India, with some revenue coming from international sales.

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