Mazagon Dock Shipbuilders (BOM:543237) Long-Term Capital Lease Obligation : ₹8 Mil (As of Mar. 2024)

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What is Mazagon Dock Shipbuilders Long-Term Capital Lease Obligation?

Mazagon Dock Shipbuilders's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹8 Mil.

Mazagon Dock Shipbuilders's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹4 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹8 Mil).

Mazagon Dock Shipbuilders's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹47 Mil) to Mar. 2023 (₹3 Mil) but then increased from Mar. 2023 (₹3 Mil) to Mar. 2024 (₹8 Mil).

Mazagon Dock Shipbuilders Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mazagon Dock Shipbuilders'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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Mazagon Dock Shipbuilders Long-Term Capital Lease Obligation Chart

Mazagon Dock Shipbuilders Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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348.40

230.30

47.40

3.10

8.10

Mazagon Dock Shipbuilders Quarterly Data
	Mar18	Mar19	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															3.10	-	3.50	-	8.10

Mazagon Dock Shipbuilders (BOM:543237) 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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Mazagon Dock Shipbuilders (BOM:543237) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mazagon Dock Shipbuilders Ltd (BOM:543237) » Definitions » Long-Term Capital Lease Obligation

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MAZDOCK:India

Address

Dockyard Road, Mazagon, Mumbai, MH, IND, 400 010

Website

https://www.mazagondock.in

Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The Company is engaged in building and repairing of ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, submarines, and merchant ships with facilities situated in Mumbai and Nhava.

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