South West Pinnacle Exploration (NSE:SOUTHWEST) Long-Term Capital Lease Obligation : ₹18 Mil (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is South West Pinnacle Exploration Long-Term Capital Lease Obligation?

South West Pinnacle Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹18 Mil.

South West Pinnacle Exploration's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹19 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹18 Mil).

South West Pinnacle Exploration's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹21 Mil) to Mar. 2023 (₹20 Mil) and declined from Mar. 2023 (₹20 Mil) to Mar. 2024 (₹18 Mil).

South West Pinnacle Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for South West Pinnacle Exploration'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.

South West Pinnacle Exploration Long-Term Capital Lease Obligation Chart

South West Pinnacle Exploration Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

19.51

16.09

21.04

19.53

17.58

South West Pinnacle Exploration 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															19.53	-	18.67	-	17.58

South West Pinnacle Exploration (NSE:SOUTHWEST) 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.

South West Pinnacle Exploration Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of South West Pinnacle Exploration's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

South West Pinnacle Exploration (NSE:SOUTHWEST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » South West Pinnacle Exploration Ltd (NSE:SOUTHWEST) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

543986:India

Address

Siddhartha House, Plot No. 15, Ground Floor, Sector-44, Gurgaon, HR, IND, 122003

Website

http://www.southwestpinnacle.com

South West Pinnacle Exploration Ltd is an India-based exploration services company. It provides end to end drilling, exploration, and allied services to coal, ferrous, non-ferrous, and atomic and base metal mining and water and unconventional energy industries. The company offers consultancy for geological field services and allied services. In addition, it also renders exploration services including geophysical logging, surface geophysical and topographic surveys. The company also administers services such as aquifer mapping, coal bed methane exploration and production, coal and mineral exploration, and workover rig services. It has a business presence in India and the Overseas market.

South West Pinnacle Exploration (NSE:SOUTHWEST) Headlines

No Headlines