Azure Power Global (FRA:256) Long-Term Capital Lease Obligation : €42.1 Mil (As of Mar. 2022)

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What is Azure Power Global Long-Term Capital Lease Obligation?

Azure Power Global's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2022 was €42.1 Mil.

Azure Power Global's quarterly Long-Term Capital Lease Obligation increased from Sep. 2021 (€37.1 Mil) to Dec. 2021 (€40.2 Mil) and increased from Dec. 2021 (€40.2 Mil) to Mar. 2022 (€42.1 Mil).

Azure Power Global's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (€38.7 Mil) to Mar. 2022 (€42.1 Mil) but then declined from Mar. 2022 (€42.1 Mil) to Mar. 2023 (€38.7 Mil).

Azure Power Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for Azure Power Global'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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Azure Power Global Long-Term Capital Lease Obligation Chart

Azure Power Global Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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43.61

38.75

42.12

38.69

Azure Power Global Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															35.94	37.08	40.16	42.12	38.69

Azure Power Global (FRA:256) 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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Azure Power Global (FRA:256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Azure Power Global Ltd (FRA:256) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Saket Place, 5th Floor, Southern Park, D-II, Saket, New Delhi, IND, 110017

Website

https://www.azurepower.com

Azure Power Global Ltd produces and sells solar power in India. It is engaged in the development, construction, ownership, operation, maintenance, and management of solar power plants and the generation of solar energy. The company generates revenue from a mix of Indian central and state government utilities and commercial entities. The Company has a single operating and reporting segment: Sale of power.

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