Tata Technologies (BOM:544028) Long-Term Capital Lease Obligation : ₹2,050 Mil (As of Mar. 2024)

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What is Tata Technologies Long-Term Capital Lease Obligation?

Tata Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,050 Mil.

Tata Technologies's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹2,128 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹2,050 Mil).

Tata Technologies's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹2,232 Mil) to Mar. 2023 (₹2,148 Mil) and declined from Mar. 2023 (₹2,148 Mil) to Mar. 2024 (₹2,050 Mil).

Tata Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tata Technologies'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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Tata Technologies Long-Term Capital Lease Obligation Chart

Tata Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

2,296.96

2,327.42

2,231.59

2,147.60

2,050.10

Tata Technologies Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					2,035.37	2,147.60	2,128.28	-	2,050.10

Tata Technologies (BOM:544028) 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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Tata Technologies (BOM:544028) Business Description

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TATATECH:India

Address

Plot No. 25, Rajiv Gandhi Infotech Park, Hinjawadi, Pune, MH, IND, 411 057

Website

https://www.tatatechnologies.com/in

Tata Technologies Ltd is a engineering services company offering product development and digital solutions, including turnkey solutions, to original equipment manufacturers (OEMs) and their tier-1 suppliers. It endeavors to create value for its clients by helping them develop safer products, and cleaner and improve the quality of life for their end-customers. It has deep domain expertise in the automotive industry and leverages this expertise to serve its clients in adjacent industries, such as aerospace and transportation and construction heavy machinery. As an organization, it brings together diverse teams from different parts of the world with multiple skill sets to collaborate in real time and solve complex engineering problems for its clients.

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