Surani Steel Tubes (NSE:SURANI) Long-Term Capital Lease Obligation : ₹0 Mil (As of Mar. 2024)

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What is Surani Steel Tubes Long-Term Capital Lease Obligation?

Surani Steel Tubes's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil.

Surani Steel Tubes Long-Term Capital Lease Obligation Historical Data

The historical data trend for Surani Steel Tubes'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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Surani Steel Tubes Long-Term Capital Lease Obligation Chart

Surani Steel Tubes Annual Data

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Long-Term Capital Lease Obligation

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Surani Steel Tubes Semi-Annual Data
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Surani Steel Tubes (NSE:SURANI) 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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Surani Steel Tubes (NSE:SURANI) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Surani Steel Tubes Ltd (NSE:SURANI) » Definitions » Long-Term Capital Lease Obligation

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Address

Bayad Road, Sr. No. 110,115, Opposite Vinayak TMT, Village Sampa, Taluka Dahegam, Gandhinagar, GJ, IND, 382315

Website

https://www.suranisteel.com

Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and Brochures. Geographically, it operates only in India.

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