CLC Industries (NSE:SPENTEX) Long-Term Capital Lease Obligation : ₹0.00 Mil (As of Mar. 2023)

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What is CLC Industries Long-Term Capital Lease Obligation?

CLC Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0.00 Mil.

CLC Industries Long-Term Capital Lease Obligation Historical Data

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

CLC Industries Annual Data

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Long-Term Capital Lease Obligation

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CLC Industries Semi-Annual Data
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CLC Industries (NSE:SPENTEX) 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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CLC Industries (NSE:SPENTEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » CLC Industries Ltd (NSE:SPENTEX) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

521082:India

Address

A-60, Okhla Industrial Area, Phase - II, New Delhi, IND, 110020

Website

https://www.spentex.net

CLC Industries Ltd is a textile company based in India. It manufactures cotton yarn, synthetic yarn cotton, and blended yarn. The products of the company include hosiery yarn, weaving yarn, carpet yarn, sewing thread, flat knitting, and industrial yarn. The business segments of the company are Textile Manufacturing, Textile Trading, and Other Trading. The majority of the revenue is generated from the textile manufacturing segment of the company. The company operates in India and internationally and derives its key revenue from India.

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