The Shipping of India (BOM:523598) Long-Term Capital Lease Obligation : ₹182 Mil (As of Mar. 2024)

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What is The Shipping of India Long-Term Capital Lease Obligation?

The Shipping of India's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹182 Mil.

The Shipping of India's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹188 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹182 Mil).

The Shipping of India's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹210 Mil) to Mar. 2023 (₹196 Mil) and declined from Mar. 2023 (₹196 Mil) to Mar. 2024 (₹182 Mil).

The Shipping of India Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Shipping of India'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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The Shipping of India Long-Term Capital Lease Obligation Chart

The Shipping of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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239.50

224.30

210.10

196.00

182.40

The Shipping of India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															196.00	-	187.50	-	182.40

The Shipping of India (BOM:523598) 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.

The Shipping of India Long-Term Capital Lease Obligation Related Terms

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The Shipping of India (BOM:523598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » The Shipping Corp of India Ltd (BOM:523598) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

SCI:India

Address

245, Madame Cama Road, Shipping House, Nariman Point, Mumbai, MH, IND, 400021

Website

http://www.shipindia.com

The Shipping Corp of India Ltd is engaged in the sea and coastal freight water transport business. The company's segments include Liner, Bulk, Tanker, Technical and Offshore service, and others. Its Liner segment includes break-bulk, container transport, passenger and research vessels. The Bulk segment consists of dry bulk carriers. The tankers segment that derives the majority revenue comprises of crude and product carriers, gas carriers, and phosphoric acid carriers. The company's Technical and Offshore services segment covers owned offshore vessels and the others segment incorporates income earned from the maritime training institute. Its business operations are confined only to India.

The Shipping of India (BOM:523598) Headlines

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