Nesco (BOM:505355) Long-Term Capital Lease Obligation : ₹0 Mil (As of Dec. 2023)

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What is Nesco Long-Term Capital Lease Obligation?

Nesco's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil.

Nesco's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₹0 Mil) to Sep. 2023 (₹2 Mil) but then declined from Sep. 2023 (₹2 Mil) to Dec. 2023 (₹0 Mil).

Nesco's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹0 Mil) to Mar. 2022 (₹4 Mil) but then declined from Mar. 2022 (₹4 Mil) to Mar. 2023 (₹3 Mil).

Nesco Long-Term Capital Lease Obligation Historical Data

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

Nesco Annual Data

Trend

Mar14

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Mar23

Long-Term Capital Lease Obligation

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4.45

2.82

Nesco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	2.82	-	1.78	-

Nesco (BOM:505355) 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.

Nesco Long-Term Capital Lease Obligation Related Terms

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Nesco (BOM:505355) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nesco Ltd (BOM:505355) » Definitions » Long-Term Capital Lease Obligation

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NESCO:India

Address

Western Express Highway, Nesco Center, Goregaon (East), Mumbai, MH, IND, 400 063

Website

https://www.nesco.in

Nesco Ltd has a diversified portfolio of business. The company's operating segment includes IT Park; Bombay Exhibition Centre; Industrial Capital Goods Division; Nesco Foods and others. It generates maximum revenue from the IT Park segment. IT Park segment includes licencing premises in IT park buildings and providing related services. Bombay Exhibition Center segment includes licencing premises for exhibitions and providing services to the organisers. The Industrial Capital Goods Division segment is involved in the manufacturing of machines and capital equipment. Nesco Foods segment includes hospitality and catering services.

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