Swastik Pipe (NSE:SWASTIK) Long-Term Capital Lease Obligation : ₹0 Mil (As of Mar. 2023)

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What is Swastik Pipe Long-Term Capital Lease Obligation?

Swastik Pipe's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0 Mil.

Swastik Pipe Long-Term Capital Lease Obligation Historical Data

The historical data trend for Swastik Pipe'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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Swastik Pipe Long-Term Capital Lease Obligation Chart

Swastik Pipe Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Long-Term Capital Lease Obligation	-	-	-	-

Swastik Pipe (NSE:SWASTIK) 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.

Swastik Pipe Long-Term Capital Lease Obligation Related Terms

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Swastik Pipe (NSE:SWASTIK) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Swastik Pipe Ltd (NSE:SWASTIK) » Definitions » Long-Term Capital Lease Obligation

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Address

2, Arihant Nagar, Punjabi Bagh (West), New Delhi, IND, 110026

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.

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