ACC (BOM:500410) Long-Term Capital Lease Obligation : ₹2,238 Mil (As of Mar. 2024)

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What is ACC Long-Term Capital Lease Obligation?

ACC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,238 Mil.

ACC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹2,819 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹2,238 Mil).

ACC's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (₹840 Mil) to Dec. 2021 (₹1,014 Mil) and increased from Dec. 2021 (₹1,014 Mil) to Mar. 2024 (₹2,238 Mil).

ACC Long-Term Capital Lease Obligation Historical Data

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

ACC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Mar24

Long-Term Capital Lease Obligation

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839.80

1,013.70

2,237.60

ACC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	2,819.20	-	2,237.60

ACC (BOM:500410) 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.

ACC Long-Term Capital Lease Obligation Related Terms

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ACC (BOM:500410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ACC Ltd (BOM:500410) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

ACC:India

Address

121, Maharshi Karve Road, Cement House, Mumbai, IND, 400020

Website

https://www.acclimited.com

ACC Ltd manufactures and sells cement, concrete, and cement-related products under the ACC brand. The firm operates in two segments based on the product: Cement and Ready Mix Concrete. The Cement segment, which generates the vast majority of revenue, sells cement to the construction and building industries as well as home improvement retailers. The Ready Mix Concrete segment sells concrete for infrastructure, industrial construction, and mass housing projects. Nearly all of the firm's revenue comes from India.

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