Poonawalla Fincorp (NSE:POONAWALLA) Long-Term Capital Lease Obligation : ₹1,356 Mil (As of Mar. 2024)

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What is Poonawalla Fincorp Long-Term Capital Lease Obligation?

Poonawalla Fincorp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,356 Mil.

Poonawalla Fincorp's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹996 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹1,356 Mil).

Poonawalla Fincorp's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹536 Mil) to Mar. 2023 (₹736 Mil) and increased from Mar. 2023 (₹736 Mil) to Mar. 2024 (₹1,356 Mil).

Poonawalla Fincorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Poonawalla Fincorp'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.

* Premium members only.

Poonawalla Fincorp Long-Term Capital Lease Obligation Chart

Poonawalla Fincorp Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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476.41

339.63

535.90

736.30

1,355.90

Poonawalla Fincorp 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															736.30	-	995.90	-	1,355.90

Poonawalla Fincorp (NSE:POONAWALLA) 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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Poonawalla Fincorp (NSE:POONAWALLA) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Poonawalla Fincorp Ltd (NSE:POONAWALLA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

524000:India

Address

Mundhwa Road, A-201 and 202, 2nd floor, AP81, Koregaon Park Annex, Near Raga Lawns, Mundhwa, Pune, MH, IND, 411036

Website

https://www.poonawallafincorp.com

Poonawalla Fincorp Ltd is a non-banking finance company engaged in providing asset finance. The company is Financing for Tractors, Commercial Vehicle, Construction Equipment, Cars, Used Vehicles, mortgage and loans to micro, small and medium enterprises (MSME). Its only operating segment is financing. Geographically, it derives revenue from India.

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