Gourmet Gateway India (BOM:506134) Long-Term Capital Lease Obligation : ₹480 Mil (As of Mar. 2024)

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What is Gourmet Gateway India Long-Term Capital Lease Obligation?

Gourmet Gateway India's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹480 Mil.

Gourmet Gateway India's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹547 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹480 Mil).

Gourmet Gateway India's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹0 Mil) to Mar. 2023 (₹596 Mil) but then declined from Mar. 2023 (₹596 Mil) to Mar. 2024 (₹480 Mil).

Gourmet Gateway India Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gourmet Gateway India'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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Gourmet Gateway India Long-Term Capital Lease Obligation Chart

Gourmet Gateway India Annual Data

Trend

Mar15

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Mar24

Long-Term Capital Lease Obligation

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595.84

479.50

Gourmet Gateway India 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															595.84	-	546.94	-	479.50

Gourmet Gateway India (BOM:506134) 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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Gourmet Gateway India (BOM:506134) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Gourmet Gateway India Ltd (BOM:506134) » Definitions » Long-Term Capital Lease Obligation

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Address

Senapati Bapat Marg, 1104, A Wing, 11th Floor, Naman Midtown, Prabhadevi, Mumbai, MH, IND, 400013

Website

https://www.intellivatecapitalventures.in

Intellivate Capital Ventures Ltd provides advisory, consultancy, investment, and share trading services. All the operations of the firm function through India. The company provides integrated solutions to clients, including managing crucial aspects like Merchant Banking, which includes corporate finance, working capital finance, project finance, and financial restructuring to corporate. It is mainly engaged in providing financial advisory and consultancy services and treasury operations by providing funding solutions to clients, both in the form of Debt and Equity and investment activities.

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