Arvind (BOM:500101) Long-Term Capital Lease Obligation : ₹963 Mil (As of Mar. 2024)

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What is Arvind Long-Term Capital Lease Obligation?

Arvind's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹963 Mil.

Arvind's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹1,003 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹963 Mil).

Arvind's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹863 Mil) to Mar. 2023 (₹925 Mil) and increased from Mar. 2023 (₹925 Mil) to Mar. 2024 (₹963 Mil).

Arvind Long-Term Capital Lease Obligation Historical Data

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

Arvind Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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1,491.80

952.00

863.30

924.60

962.70

Arvind 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															924.60	-	1,002.60	-	962.70

Arvind (BOM:500101) 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.

Arvind Long-Term Capital Lease Obligation Related Terms

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Arvind (BOM:500101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Arvind Ltd (BOM:500101) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

ARVIND:India

Address

Naroda Road, Ahmedabad, GJ, IND, 380025

Website

https://www.arvind.com

Arvind Ltd is a textile company. It is engaged in manufacturing Denim, Cotton shirting, knits and bottom weights (Khakis) fabrics, and Jeans and Shirts Garments. The business segments of the group are Textile, Advanced Material, and Others. The contributor to revenue is the Textiles business which offers fabrics, garments, and fabric retail. The advanced Material segment offers human protection fabric and garments, industrial products, advance composites, and automotive fabrics. The group sells its products in India and the Rest of the world.

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