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IGC Industries (BOM:539449) Long-Term Capital Lease Obligation : ₹0.00 Mil (As of Mar. 2024)


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What is IGC Industries Long-Term Capital Lease Obligation?

IGC Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil.


IGC Industries Long-Term Capital Lease Obligation Historical Data

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

IGC Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
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IGC Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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IGC Industries  (BOM:539449) 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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IGC Industries (BOM:539449) Business Description

Traded in Other Exchanges
N/A
Address
Gangadhar Babu Lane, Imax Lohia Square, Office No 4B, 4th Floor, Premises No. 23, Kolkata, WB, IND, 700012
IGC Industries Ltd is an India-based company engaged in manufacturing, trading, and distribution of textiles, Plastic, degradable bags, biodegradable bags, and other environmentally friendly products. The company product portfolio includes products like silk, art silk, rayon, synthetic and staple fibers, polyester, worsted, wool, hemp, yarn, cloth, linen, and other goods and merchandise whether textile felted, netted, or looped.

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