Mangalam Global Enterprise (NSE:MGEL) Long-Term Capital Lease Obligation : ₹3 Mil (As of Mar. 2024)

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What is Mangalam Global Enterprise Long-Term Capital Lease Obligation?

Mangalam Global Enterprise's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3 Mil.

Mangalam Global Enterprise's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹4 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹3 Mil).

Mangalam Global Enterprise's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹156 Mil) to Mar. 2023 (₹141 Mil) and declined from Mar. 2023 (₹141 Mil) to Mar. 2024 (₹3 Mil).

Mangalam Global Enterprise Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mangalam Global Enterprise'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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Mangalam Global Enterprise Long-Term Capital Lease Obligation Chart

Mangalam Global Enterprise Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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71.01

3.94

156.13

141.25

3.38

Mangalam Global Enterprise 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															141.25	-	4.29	-	3.38

Mangalam Global Enterprise (NSE:MGEL) 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.

Mangalam Global Enterprise Long-Term Capital Lease Obligation Related Terms

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Mangalam Global Enterprise (NSE:MGEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mangalam Global Enterprise Ltd (NSE:MGEL) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

42, Shrimali Society, Netaji Marg, 101, Mangalam Corporate House, Mithakhali, Navrangpura, Ahmedabad, GJ, IND, 380 009

Website

https://www.groupmangalam.com

Mangalam Global Enterprise Ltd is an Indian firm engaged in the business of manufacturing Agro-based commodities. The business operates in a single segment which includes; castor seeds, castor derivatives products, cotton, cotton ginning, rice, mustard seeds and other agro commodities. It manufactures and sells Refined Castor Oil, Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for domestic and export sale to international markets. Substantial revenue accrues from Domestic sales.

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