Shree Cement (NSE:SHREECEM) Long-Term Capital Lease Obligation : ₹0 Mil (As of Dec. 2023)

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What is Shree Cement Long-Term Capital Lease Obligation?

Shree Cement's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil.

Shree Cement's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₹0 Mil) to Sep. 2023 (₹1,463 Mil) but then declined from Sep. 2023 (₹1,463 Mil) to Dec. 2023 (₹0 Mil).

Shree Cement's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹840 Mil) to Mar. 2022 (₹876 Mil) and increased from Mar. 2022 (₹876 Mil) to Mar. 2023 (₹1,377 Mil).

Shree Cement Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shree Cement'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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Shree Cement Long-Term Capital Lease Obligation Chart

Shree Cement Annual Data

Trend

Jun14

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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55.60

923.90

839.50

876.40

1,376.60

Shree Cement Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	1,376.60	-	1,462.70	-

Shree Cement (NSE:SHREECEM) 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.

Shree Cement Long-Term Capital Lease Obligation Related Terms

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Shree Cement (NSE:SHREECEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Shree Cement Ltd (NSE:SHREECEM) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

500387:India

Address

21 Strand Road, Kolkata, WB, IND, 700 001

Website

https://www.shreecement.com

Shree Cement Ltd manufactures and sells cement and cement-related products to the building and construction industries. It derives revenue from Cement, Clinker and Power sales, of which Cement products contribute majorly to the revenue. The Cement products are offered under the brands Shree Jung Rodhak and Bangur, among others. Nearly all of the firm's revenue comes from India.

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