Alok Industries (NSE:ALOKINDS) Long-Term Capital Lease Obligation : ₹25 Mil (As of Mar. 2024)

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What is Alok Industries Long-Term Capital Lease Obligation?

Alok Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹25 Mil.

Alok Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹49 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹25 Mil).

Alok Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹0 Mil) to Mar. 2023 (₹71 Mil) but then declined from Mar. 2023 (₹71 Mil) to Mar. 2024 (₹25 Mil).

Alok Industries Long-Term Capital Lease Obligation Historical Data

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

Alok Industries Annual Data

Trend

Mar15

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Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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71.30

24.80

Alok Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															71.30	-	48.70	-	24.80

Alok Industries (NSE:ALOKINDS) 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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Alok Industries (NSE:ALOKINDS) Business Description

Industry

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

Traded in Other Exchanges

521070:India

Address

Ganpatrao Kadam Marg, Peninsula Business Park, Tower B, 2nd and 3rd Floor, Lower Parel, Mumbai, MH, IND, 400013

Website

https://www.alokind.com

Alok Industries Ltd is an Indian textile company. The company is engaged in the manufacturing of textile, including mending and packing activities; leather, and other apparel products. Its divisions include Spinning, such as cotton yarn; Home Textiles, such as sheeting fabric, equivalent sheet sets, and terry towels; Apparel Fabrics, such as woven fabric (includes embroidery) and knits; Garments, and Polyester, such as continuous polymerization, partially oriented yarn (POY)/chip, draw texturized yarn (DTY), fully drawn yarn (FDY), polyester staple fiber/cationic yarn and masterbatch. Geographically, it derives a majority of revenue from India. The company generates the majority of its revenue from the Home Textiles product group.

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