Magson Retail and Distribution (NSE:MAGSON) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Sep. 2023)

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What is Magson Retail and Distribution Long-Term Capital Lease Obligation?

Magson Retail and Distribution's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil.

Magson Retail and Distribution Long-Term Capital Lease Obligation Historical Data

The historical data trend for Magson Retail and Distribution'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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Magson Retail and Distribution Long-Term Capital Lease Obligation Chart

Magson Retail and Distribution Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

Magson Retail and Distribution Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
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Magson Retail and Distribution (NSE:MAGSON) 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.

Magson Retail and Distribution Long-Term Capital Lease Obligation Related Terms

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Magson Retail and Distribution (NSE:MAGSON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magson Retail and Distribution Ltd (NSE:MAGSON) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Near Judges Bungalows Cross Roads, 204-B, Primate Complex, Opposite Mother Milk Palace, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.magson.in

Magson Retail and Distribution Ltd is engaged in the retail and Distribution business of gourmet, frozen food, and specialty foods. The company operates retail stores through and own stores, jointly owned stores, and a franchise model under its brand name 'MagSon'. In addition, the company has a separate chocolate store that is operated under the brand name 'My Chocolate World'.

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