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Apeejay Surrendra Park Hotels (NSE:PARKHOTELS) Long-Term Capital Lease Obligation : ₹406 Mil (As of Sep. 2023)


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What is Apeejay Surrendra Park Hotels Long-Term Capital Lease Obligation?

Apeejay Surrendra Park Hotels's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹406 Mil.

Apeejay Surrendra Park Hotels's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (₹0 Mil) to Mar. 2023 (₹434 Mil) but then declined from Mar. 2023 (₹434 Mil) to Sep. 2023 (₹406 Mil).

Apeejay Surrendra Park Hotels's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹196 Mil) to Mar. 2022 (₹264 Mil) and increased from Mar. 2022 (₹264 Mil) to Mar. 2023 (₹434 Mil).

Apeejay Surrendra Park Hotels Long-Term Capital Lease Obligation Historical Data

The historical data trend for Apeejay Surrendra Park Hotels'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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Apeejay Surrendra Park Hotels Long-Term Capital Lease Obligation Chart

Apeejay Surrendra Park Hotels Annual Data
Trend Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
195.80 263.80 434.30

Apeejay Surrendra Park Hotels Quarterly Data
Mar21 Mar22 Sep22 Mar23 Sep23
Long-Term Capital Lease Obligation 195.80 263.80 - 434.30 405.70

Apeejay Surrendra Park Hotels  (NSE:PARKHOTELS) 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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Apeejay Surrendra Park Hotels (NSE:PARKHOTELS) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Apeejay Surrendra Park Hotels Ltd (NSE:PARKHOTELS) » Definitions » Long-Term Capital Lease Obligation
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544111:India
Address
N80, Connaught Place, New Delhi, IND, 110001
Website
https://www.theparkhotels.com
Apeejay Surrendra Park Hotels Ltd is engaged in hotel business. It operate hotels under following four brands, namely "THE PARK, "THE PARK Collection", "Zone by The Park", "Zone Connect by The Park" and have recently launched economy motel brand, "Stop by Zone".

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