Landmark Cars (NSE:LANDMARK) Long-Term Capital Lease Obligation : ₹2,205 Mil (As of Mar. 2024)

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What is Landmark Cars Long-Term Capital Lease Obligation?

Landmark Cars's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,205 Mil.

Landmark Cars's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹2,009 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹2,205 Mil).

Landmark Cars's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹1,864 Mil) to Mar. 2023 (₹0 Mil) but then increased from Mar. 2023 (₹0 Mil) to Mar. 2024 (₹2,205 Mil).

Landmark Cars Long-Term Capital Lease Obligation Historical Data

The historical data trend for Landmark Cars'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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Landmark Cars Long-Term Capital Lease Obligation Chart

Landmark Cars Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

1,233.23

1,028.35

1,863.61

2,204.83

Landmark Cars Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	-	2,008.92	-	2,204.83

Landmark Cars (NSE:LANDMARK) 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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Landmark Cars (NSE:LANDMARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Landmark Cars Ltd (NSE:LANDMARK) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

543714:India

Address

G. M. Bhosale Marg, Unit No. 201 to 203, Landmark, 2nd Floor, Worli, Mumbai, MH, IND, 400018

Website

https://www.grouplandmark.in

Landmark Cars Ltd has a presence across the automotive retail value chain, including sales of new vehicles, after-sales service, and repairs, sales of pre-owned passenger vehicles, and facilitation of the sales of third-party financial and insurance products. The company is operating in a single segment namely the dealership of cars in India. The company's revenue is generated entirely within India.

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