Kansai Nerolac Paints (BOM:500165) Long-Term Capital Lease Obligation : ₹1,254 Mil (As of Mar. 2024)

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What is Kansai Nerolac Paints Long-Term Capital Lease Obligation?

Kansai Nerolac Paints's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,254 Mil.

Kansai Nerolac Paints's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹1,257 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹1,254 Mil).

Kansai Nerolac Paints's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹921 Mil) to Mar. 2023 (₹1,000 Mil) and increased from Mar. 2023 (₹1,000 Mil) to Mar. 2024 (₹1,254 Mil).

Kansai Nerolac Paints Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kansai Nerolac Paints'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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Kansai Nerolac Paints Long-Term Capital Lease Obligation Chart

Kansai Nerolac Paints Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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527.80

771.20

921.10

999.70

1,254.10

Kansai Nerolac Paints 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															999.70	-	1,256.50	-	1,254.10

Kansai Nerolac Paints (BOM:500165) 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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Kansai Nerolac Paints (BOM:500165) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kansai Nerolac Paints Ltd (BOM:500165) » Definitions » Long-Term Capital Lease Obligation

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KANSAINER:India

Address

N. M. Joshi Marg, 28th Floor, A-Wing, Marathon Futurex, Mafatlal Mills Compound, Lower Parel, Mumbai, MH, IND, 400013

Website

https://www.nerolac.com

Kansai Nerolac Paints Ltd (or KNPL) is a paint company headquartered in India. KNPL operates through its paint business to provide a wide range of products and solutions in industrial and decorative coatings. KNPL's decorative coating solutions are used by customers in segments such as adhesives, wood, and construction chemicals. KNPL's industrial coatings include automotive, general industrial, powder, and high performance. The company's industrial coating products and services are applied to vehicles, electrical and agricultural equipment, refrigerators, and railways, among others. KNPL has operations in India, Nepal, Sri Lanka, and Bangladesh, with most of its sales from its activities in India.

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