NDR Auto Components (NSE:NDRAUTO) Long-Term Capital Lease Obligation : ₹266 Mil (As of Mar. 2024)

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What is NDR Auto Components Long-Term Capital Lease Obligation?

NDR Auto Components's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹266 Mil.

NDR Auto Components's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹281 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹266 Mil).

NDR Auto Components's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹103 Mil) to Mar. 2023 (₹295 Mil) but then declined from Mar. 2023 (₹295 Mil) to Mar. 2024 (₹266 Mil).

NDR Auto Components Long-Term Capital Lease Obligation Historical Data

The historical data trend for NDR Auto Components'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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NDR Auto Components Long-Term Capital Lease Obligation Chart

NDR Auto Components Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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41.72

102.70

294.69

266.11

NDR Auto Components Quarterly Data
	Mar19	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														294.69	-	281.31	-	266.11

NDR Auto Components (NSE:NDRAUTO) 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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NDR Auto Components (NSE:NDRAUTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NDR Auto Components Ltd (NSE:NDRAUTO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

543214:India

Address

Plot No.1, Maruti Joint Venture Complex, Gurugram, HR, IND, 122015

Website

https://www.ndrauto.com

NDR Auto Components Ltd is a manufacturer of seat frames and seat trims for passenger and utility vehicles. The company's product range includes seat frames and trims for a four-wheeler, two-wheeler, and BIW Parts. Geographically, the company operates only in India.

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