Prakash Steelage (NSE:PRAKASHSTL) Long-Term Capital Lease Obligation : ₹2 Mil (As of Mar. 2024)

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What is Prakash Steelage Long-Term Capital Lease Obligation?

Prakash Steelage's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2 Mil.

Prakash Steelage's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2023 (₹0 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹2 Mil).

Prakash Steelage's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2022 (₹0 Mil) to Mar. 2023 (₹0 Mil) but then increased from Mar. 2023 (₹0 Mil) to Mar. 2024 (₹2 Mil).

Prakash Steelage Long-Term Capital Lease Obligation Historical Data

The historical data trend for Prakash Steelage'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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Prakash Steelage Long-Term Capital Lease Obligation Chart

Prakash Steelage Annual Data

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Long-Term Capital Lease Obligation

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1.55

Prakash Steelage 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															-	-	-	-	1.55

Prakash Steelage (NSE:PRAKASHSTL) 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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Prakash Steelage (NSE:PRAKASHSTL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Prakash Steelage Ltd (NSE:PRAKASHSTL) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

533239:India

Address

28, Sindhi Lane, Nanubhai Desai Road, 101, 1st Floor, Shatrunjay Apartment, Mumbai, MH, IND, 400 004

Website

https://www.prakashsteelage.com

Prakash Steelage Ltd is a company, which is predominantly related to the manufacturing and trading of stainless steel tubes and pipes. Its products are available in various conditions, such as welded, Annealed/Unanneled, Bright Annealed, Annealed and Pickled, U-Bent, Bead Rolled, and Straight Lengths. Geographically all the business activity of the group is operated through the region of India.

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