Ethos (BOM:543532) Long-Term Capital Lease Obligation : ₹1,110 Mil (As of Mar. 2024)

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What is Ethos Long-Term Capital Lease Obligation?

Ethos's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,110 Mil.

Ethos's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹1,079 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹1,110 Mil).

Ethos's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹795 Mil) to Mar. 2023 (₹892 Mil) and increased from Mar. 2023 (₹892 Mil) to Mar. 2024 (₹1,110 Mil).

Ethos Long-Term Capital Lease Obligation Historical Data

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

Ethos Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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796.34

690.85

794.86

891.68

1,110.07

Ethos Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										891.68	-	1,079.03	-	1,110.07

Ethos (BOM:543532) 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.

Ethos Long-Term Capital Lease Obligation Related Terms

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Ethos (BOM:543532) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ethos Ltd (BOM:543532) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

ETHOSLTD:India

Address

Sector 8-C Madhya Marg, Kamla Centre, S.C.O. 88-89, Chandigarh, PB, IND, 160 009

Website

https://www.ethoswatches.com

Ethos Ltd is a luxury and premium watch retailer. The company's portfolio of premium and luxury watches includes brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & Cie, Rado, Longines, Baume & Mercier, Oris SA, Corum, Carl F. Bucherer, Tissot, Raymond Weil, Louis Moinet and Balmain.

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