NMDC Steel (BOM:543768) Long-Term Capital Lease Obligation : ₹100 Mil (As of Mar. 2024)

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What is NMDC Steel Long-Term Capital Lease Obligation?

NMDC Steel's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹100 Mil.

NMDC Steel'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 (₹100 Mil).

NMDC Steel'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 (₹100 Mil).

NMDC Steel Long-Term Capital Lease Obligation Historical Data

The historical data trend for NMDC Steel'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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NMDC Steel Long-Term Capital Lease Obligation Chart

NMDC Steel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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100.30

NMDC Steel Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	-	-	-	100.30

NMDC Steel (BOM:543768) 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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NMDC Steel (BOM:543768) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » NMDC Steel Ltd (BOM:543768) » Definitions » Long-Term Capital Lease Obligation

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NSLNISP:India

Address

Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad, TG, IND, 500028

Website

https://nmdcsteel.nmdc.co.in

NMDC Steel Ltd owns and operates mechanized iron ore mines. The company is producing about 35 MTPA of iron ore from its major iron-producing units in Bailadila Sector in Chhattisgarh and Donimalai.

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