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United Van Der Horst (BOM:522091) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Dec. 2023)


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What is United Van Der Horst Long-Term Capital Lease Obligation?

United Van Der Horst's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil.


United Van Der Horst Long-Term Capital Lease Obligation Historical Data

The historical data trend for United Van Der Horst'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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United Van Der Horst Long-Term Capital Lease Obligation Chart

United Van Der Horst Annual Data
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Long-Term Capital Lease Obligation
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United Van Der Horst Quarterly Data
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United Van Der Horst  (BOM:522091) 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.

United Van Der Horst Long-Term Capital Lease Obligation Related Terms

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United Van Der Horst (BOM:522091) Business Description

Traded in Other Exchanges
N/A
Address
E-29/30 MIDC Industrial Area, Taloja, Raigad District, Navi Mumbai, MH, IND, 410208
United Van Der Horst Ltd is a company engaged in providing reconditioning, re-standardizing, reverse engineering, and manufacturing services to the sectors such as marine, oil field, power plants, petrochemicals, and mining. The business segments of the group are Manufacturing and reconditioning; and Others, of which maximum revenue is derived from the Job work and reconditioning segment, which relates to job work of hydraulic cylinders. The group's process includes grinding, honing, chrome plating, boring, vertical turret lathe, and groove grinding. It offers products like hydraulic cylinders, pneumatic cylinders, hydraulic seals, pneumatic seals, telescopic cylinders, a coil buggy cylinder, rock breaker cylinder, jacking cylinder, and others.

United Van Der Horst (BOM:522091) Headlines

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