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Indus Gas (LSE:INDI) Long-Term Capital Lease Obligation : £0.00 Mil (As of Sep. 2023)


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What is Indus Gas Long-Term Capital Lease Obligation?

Indus Gas's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil.


Indus Gas Long-Term Capital Lease Obligation Historical Data

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

Indus Gas Annual Data
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Long-Term Capital Lease Obligation
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Indus Gas Semi-Annual Data
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Indus Gas  (LSE:INDI) 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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Indus Gas (LSE:INDI) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Indus Gas Ltd (LSE:INDI) » Definitions » Long-Term Capital Lease Obligation
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Address
Tudor House, 1st Floor, Le Bordage, Saint Peter Port, GGY, GY1 1DB
Indus Gas Ltd is an oil and gas exploration and development company. It is mainly engaged in exploring, developing, producing, distributing, and marketing hydrocarbons including natural gas initially in India. The company holds an interest in on-shore Block RJ-ON/6 situated in Indus Basin. Its products include natural gas and by-product condensate. The Company considers that it operates in a single operating segment the production and sale of gas. Geographically, it derives a majority of its revenue from Asia.