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Advance Syntex (BOM:539982) Long-Term Capital Lease Obligation : ₹0.00 Mil (As of Dec. 2023)


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What is Advance Syntex Long-Term Capital Lease Obligation?

Advance Syntex's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil.


Advance Syntex Long-Term Capital Lease Obligation Historical Data

The historical data trend for Advance Syntex'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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Advance Syntex Long-Term Capital Lease Obligation Chart

Advance Syntex Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
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Advance Syntex Quarterly Data
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Advance Syntex  (BOM:539982) 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.

Advance Syntex Long-Term Capital Lease Obligation Related Terms

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Advance Syntex (BOM:539982) Business Description

Industry
Traded in Other Exchanges
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Address
233/2 & 238/2 GIDC POR, Ramangamdi, Vadodara, GJ, IND, 391243
Advance Syntex Ltd is an India-based manufacturer of other made-up textile goods except for apparel. It manufactures and exports metallic yarn, lacquer-coated aluminum metalized polyester film, glitter powder, and allied other products. The company's product line includes metalized polyester films, metalized and coated film for metallic yarn, polyester tape films, and coated polyester films; glitter powder for textiles, decorative and clear polyester glitters, and others.

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