Singer India (BOM:505729) Long-Term Capital Lease Obligation : ₹0 Mil (As of Dec. 2023)

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What is Singer India Long-Term Capital Lease Obligation?

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

Singer India's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₹0 Mil) to Sep. 2023 (₹11 Mil) but then declined from Sep. 2023 (₹11 Mil) to Dec. 2023 (₹0 Mil).

Singer India's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹11 Mil) to Mar. 2022 (₹18 Mil) but then declined from Mar. 2022 (₹18 Mil) to Mar. 2023 (₹8 Mil).

Singer India Long-Term Capital Lease Obligation Historical Data

The historical data trend for Singer 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.

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Singer India Long-Term Capital Lease Obligation Chart

Singer India Annual Data

Trend

Jun14

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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10.84

11.03

18.02

8.30

Singer India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	8.30	-	11.30	-

Singer India (BOM:505729) 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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Singer India (BOM:505729) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Singer India Ltd (BOM:505729) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Mohan Cooperative Industrial Estate, A-26/4, 2nd Floor, New Delhi, IND, 110044

Website

https://www.singerindia.com

Singer India Ltd is an Indian-based firm engaged in the business of trading and manufacturing sewing products and also conducts trading in domestic appliances. The company operates in two business segments namely, the Sewing machines and related accessories segment comprises of production and distribution of sewing products which includes sewing machine accessories and related products which also contribute to revenue, and the Domestic appliances segment includes steam irons, food processors, mixers, and air coolers. The majority of the revenue is from the Sewing machines and related accessories segment.

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