The Orissa Minerals Development Co (BOM:590086) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Dec. 2023)

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What is The Orissa Minerals Development Co Long-Term Capital Lease Obligation?

The Orissa Minerals Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil.

The Orissa Minerals Development Co's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2023 (₹70.4 Mil) to Sep. 2023 (₹70.4 Mil) but then declined from Sep. 2023 (₹70.4 Mil) to Dec. 2023 (₹0.0 Mil).

The Orissa Minerals Development Co's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹0.0 Mil) to Mar. 2022 (₹70.4 Mil) but then stayed the same from Mar. 2022 (₹70.4 Mil) to Mar. 2023 (₹70.4 Mil).

The Orissa Minerals Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Orissa Minerals Development Co'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 Orissa Minerals Development Co Long-Term Capital Lease Obligation Chart

The Orissa Minerals Development Co Annual Data

Trend

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Mar23

Long-Term Capital Lease Obligation

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70.45

The Orissa Minerals Development Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															70.45	-	70.45	70.45	-

The Orissa Minerals Development Co (BOM:590086) 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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The Orissa Minerals Development Co (BOM:590086) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » The Orissa Minerals Development Co Ltd (BOM:590086) » Definitions » Long-Term Capital Lease Obligation

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ORISSAMINE:India

Address

C/O-SAIL Office, Plot 271, Bidyut Marg, Ground Floor, Unit - IV, Shastri Nagar, Bhubaneswar, OR, IND, 751 001

Website

https://www.birdgroup.co.in

The Orissa Minerals Development Co Ltd is an iron ore mining company in India. It operating segment include Iron Ore; Manganese and Sponge Iron.

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