TTK Prestige (NSE:TTKPRESTIG) Long-Term Capital Lease Obligation : ₹0 Mil (As of Jun. 2024)

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What is TTK Prestige Long-Term Capital Lease Obligation?

TTK Prestige's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0 Mil.

TTK Prestige's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹1,155 Mil) but then declined from Mar. 2024 (₹1,155 Mil) to Jun. 2024 (₹0 Mil).

TTK Prestige's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹443 Mil) to Mar. 2023 (₹770 Mil) and increased from Mar. 2023 (₹770 Mil) to Mar. 2024 (₹1,155 Mil).

TTK Prestige Long-Term Capital Lease Obligation Historical Data

The historical data trend for TTK Prestige'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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TTK Prestige Long-Term Capital Lease Obligation Chart

TTK Prestige Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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247.40

361.20

442.60

769.80

1,155.10

TTK Prestige Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	1,059.40	-	1,155.10	-

TTK Prestige (NSE:TTKPRESTIG) 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.

TTK Prestige Long-Term Capital Lease Obligation Related Terms

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TTK Prestige Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » TTK Prestige Ltd (NSE:TTKPRESTIG) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

517506:India

Address

1/1 & 1/2 Nagarjuna Castle, Wood Street, Richmond Town, Bengaluru, KA, IND, 560025

Website

https://www.ttkprestige.com

TTK Prestige Ltd is an Indian company that sells a variety of kitchen appliances and products. Although it primarily operates and manufactures its products in India, the company also exports its products to the U.S., Europe, South Africa, Kenya, Australia, Singapore, the Middle East, and Sri Lanka. Its kitchen appliances are divided into the Pressure Cookers group, Cookware group, Kitchen group, and Gas Stoves group among others. The majority of the company's revenue is derived from its operations in India. Despite traditionally selling pressure cookers, the company has shifted its model to be a complete kitchen solution provider. The core brands of the company include Prestige, Prestige Smart Kitchen, and others.

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