Jindal Steel & Power (BOM:532286) Long-Term Capital Lease Obligation : ₹5,615 Mil (As of Mar. 2024)

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What is Jindal Steel & Power Long-Term Capital Lease Obligation?

Jindal Steel & Power's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,615 Mil.

Jindal Steel & Power's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹5,741 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹5,615 Mil).

Jindal Steel & Power's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹5,973 Mil) to Mar. 2023 (₹5,755 Mil) and declined from Mar. 2023 (₹5,755 Mil) to Mar. 2024 (₹5,615 Mil).

Jindal Steel & Power Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jindal Steel & Power'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.

* Premium members only.

Jindal Steel & Power Long-Term Capital Lease Obligation Chart

Jindal Steel & Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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10,854.70

5,918.00

5,972.70

5,754.60

5,615.30

Jindal Steel & Power 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															5,754.60	-	5,741.10	-	5,615.30

Jindal Steel & Power (BOM:532286) 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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Jindal Steel & Power (BOM:532286) Business Description

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JINDALSTEL:India

Address

Jindal Centre, 12, Bhikaiji Cama Place, New Delhi, IND, 110 066

Website

https://www.jindalsteelpower.com

Jindal Steel & Power Ltd is an Indian-based company that is involved in the steelmaking, power generation, mining, and infrastructure sectors. The iron and steel segment is the company's largest segment, representing the majority of the company's sales. Jindal Steel and Power's iron and steel segment manufacture a wide range of steel products that find applications in railway, road, highways and bridges, housing, industrial applications, heavy machinery, and civil construction. Jindal Steel and Power's power segment operates power plants and transmission lines. The company generates most of its revenue from the Indian domestic market.

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