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Vibhor Steel Tubes (NSE:VSTL) Long-Term Capital Lease Obligation : ₹4 Mil (As of Mar. 2024)


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

Vibhor Steel Tubes's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹4 Mil.

Vibhor Steel Tubes's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2023 (₹0 Mil) to Sep. 2023 (₹0 Mil) but then increased from Sep. 2023 (₹0 Mil) to Mar. 2024 (₹4 Mil).

Vibhor Steel Tubes's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2022 (₹0 Mil) to Mar. 2023 (₹0 Mil) but then increased from Mar. 2023 (₹0 Mil) to Mar. 2024 (₹4 Mil).

Vibhor Steel Tubes Long-Term Capital Lease Obligation Historical Data

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

Vibhor Steel Tubes Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
- - - 3.76

Vibhor Steel Tubes Quarterly Data
Mar21 Mar22 Mar23 Sep23 Mar24
Long-Term Capital Lease Obligation - - - - 3.76

Vibhor Steel Tubes  (NSE:VSTL) 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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Vibhor Steel Tubes (NSE:VSTL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vibhor Steel Tubes Ltd (NSE:VSTL) » Definitions » Long-Term Capital Lease Obligation
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Vibhor Steel Tubes Ltd is a manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. Steel pipes and tubes are used pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes etc.

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