Tega Industries (BOM:543413) Long-Term Capital Lease Obligation : ₹497 Mil (As of Mar. 2024)

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What is Tega Industries Long-Term Capital Lease Obligation?

Tega Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹497 Mil.

Tega Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹580 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹497 Mil).

Tega Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹251 Mil) to Mar. 2023 (₹418 Mil) and increased from Mar. 2023 (₹418 Mil) to Mar. 2024 (₹497 Mil).

Tega Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tega Industries'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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Tega Industries Long-Term Capital Lease Obligation Chart

Tega Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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247.89

237.81

250.97

417.71

496.60

Tega Industries Quarterly Data
	Mar19	Mar20	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											417.71	-	579.52	-	496.60

Tega Industries (BOM:543413) 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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Tega Industries (BOM:543413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tega Industries Ltd (BOM:543413) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

TEGA:India

Address

Godrej Waterside, Tower-II, Ring Rd, Office No 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar, Kolkata, WB, IND, 700 091

Website

https://www.tegaindustries.com

Tega Industries Ltd is a manufacturer of specialized consumable products for the mineral beneficiation, mining, and bulk solids handling industry. The company offers a range of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic-based lining components required for mining and mineral processing, screening, grinding, and material handling.

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