IRM Energy (NSE:IRMENERGY) Long-Term Capital Lease Obligation : ₹178 Mil (As of Mar. 2024)

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What is IRM Energy Long-Term Capital Lease Obligation?

IRM Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹178 Mil.

IRM Energy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹177 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹178 Mil).

IRM Energy's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹108 Mil) to Mar. 2023 (₹151 Mil) and increased from Mar. 2023 (₹151 Mil) to Mar. 2024 (₹178 Mil).

IRM Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for IRM Energy'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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IRM Energy Long-Term Capital Lease Obligation Chart

IRM Energy Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

50.01

108.21

150.71

177.98

IRM Energy Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					150.71	176.42	176.84	-	177.98

IRM Energy (NSE:IRMENERGY) 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.

IRM Energy Long-Term Capital Lease Obligation Related Terms

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IRM Energy (NSE:IRMENERGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » IRM Energy Ltd (NSE:IRMENERGY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

544004:India

Address

S.G. Highway, Corporate Park, Near Sola Bridge, 4th Floor, Block 8, Magnet, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.irmenergy.com

IRM Energy Ltd is a gas distribution company. It is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.

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