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Olympia Industries (BOM:521105) Long-Term Capital Lease Obligation : ₹0 Mil (As of Mar. 2024)


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What is Olympia Industries Long-Term Capital Lease Obligation?

Olympia Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil.


Olympia Industries Long-Term Capital Lease Obligation Historical Data

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

Olympia Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
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Olympia Industries Quarterly Data
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Olympia Industries  (BOM:521105) 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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Olympia Industries (BOM:521105) Business Description

Traded in Other Exchanges
N/A
Address
C-205, Synthofine Industrial Estate, Behind Virwani Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063
Olympia Industries Ltd is engaged in the areas of E-commerce, Brand Store Management, B2B e-commerce, B2C e-commerce, General Trade, and Morden Trade, the company has started engagements in D2C E-commerce as well. The company has achieved results in the existing categories like Baby Care, Domestic Appliances, Electronic, Gourmet, Health Care, Home and Kitchen Appliances, Luggage and Personal care appliances, pet products, etc. Further, the company has expanded its private-label brand "UMANAC". It has served products in a wide range of categories such as Personal Care Appliances, Gourmet, Dry Fruits and Berries, Dry sheets, and Health Care. The company operates under a single segment which is trading and a single geography which is India.

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