Nestle India (NSE:NESTLEIND) Long-Term Capital Lease Obligation : ₹0 Mil (As of Sep. 2023)

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What is Nestle India Long-Term Capital Lease Obligation?

Nestle India's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0 Mil.

Nestle India's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (₹0 Mil) to Jun. 2023 (₹1,969 Mil) but then declined from Jun. 2023 (₹1,969 Mil) to Sep. 2023 (₹0 Mil).

Nestle India's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (₹658 Mil) to Dec. 2021 (₹1,903 Mil) and increased from Dec. 2021 (₹1,903 Mil) to Dec. 2022 (₹1,907 Mil).

Nestle India Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nestle India'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.

* Premium members only.

Nestle India Long-Term Capital Lease Obligation Chart

Nestle India Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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960.40

896.00

657.60

1,903.10

1,906.50

Nestle India Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	1,906.50	-	1,969.10	-

Nestle India (NSE:NESTLEIND) 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.

Nestle India Long-Term Capital Lease Obligation Related Terms

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Nestle India (NSE:NESTLEIND) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nestle India Ltd (NSE:NESTLEIND) » Definitions » Long-Term Capital Lease Obligation

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500790:India

Address

Nestle House, Jacaranda Marg, M Block, DLF City, Phase II, Gurugram, HR, IND, 122 002

Website

https://www.nestle.in

Nestle India Ltd is a subsidiary of Nestle of Switzerland with business divided into milk products and nutrition, beverages, prepared dishes and cooking aids, chocolate and confectionery, and vending food services. Milk products and nutrition consist of nutritional products for infants and pregnant and breastfeeding mothers. The Powdered and Liquid Beverages product division sells tea and instant coffee under the Nestea, Nescafe Classic, and Nescafe Gold brands. Prepared dishes and cooking aids comprise food-enriching flavors under the Maggi brand. The Confectionery products in chocolate and confectionery are KitKat, Munch Nuts, and Nestle Alpino. The company's business activity falls within a single operating segment, namely Food.

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