Reliance Industries (LUX:RELIN) Long-Term Capital Lease Obligation : $2,098 Mil (As of Mar. 2024)

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What is Reliance Industries Long-Term Capital Lease Obligation?

Reliance Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,098 Mil.

Reliance Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($2,019 Mil) to Dec. 2023 ($0 Mil) but then increased from Dec. 2023 ($0 Mil) to Mar. 2024 ($2,098 Mil).

Reliance Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2022 ($1,707 Mil) to Mar. 2023 ($1,973 Mil) and increased from Mar. 2023 ($1,973 Mil) to Mar. 2024 ($2,098 Mil).

Reliance Industries Long-Term Capital Lease Obligation Historical Data

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

Reliance Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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1,008.21

954.14

1,707.19

1,972.86

2,097.65

Reliance Industries 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															1,972.86	-	2,019.14	-	2,097.65

Reliance Industries (LUX:RELIN) 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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Reliance Industries (LUX:RELIN) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reliance Industries Ltd (LUX:RELIN) » Definitions » Long-Term Capital Lease Obligation

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RELIANCE:India 500325:India RIGDl:UK RIGD:UK RLI:Germany

Address

222, Nariman Point, 3rd Floor, Maker Chambers IV, Mumbai, MH, IND, 400021

Website

https://www.ril.com

Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The Group has five principal operating and reporting segments: Oil To Chemicals (O2C), Oil and Gas, Retail, Digital Services and Financial Services. Located in west India, Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment that derives the majority revenue includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.

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