Sovereign Diamonds (BOM:523826) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Jun. 2024)

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What is Sovereign Diamonds Long-Term Capital Lease Obligation?

Sovereign Diamonds's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0.0 Mil.

Sovereign Diamonds's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2022 (₹5.8 Mil) to Mar. 2023 (₹5.8 Mil) but then declined from Mar. 2023 (₹5.8 Mil) to Mar. 2024 (₹0.0 Mil).

Sovereign Diamonds Long-Term Capital Lease Obligation Historical Data

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

Sovereign Diamonds Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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3.97

5.77

Sovereign Diamonds Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Sovereign Diamonds (BOM:523826) 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.

Sovereign Diamonds Long-Term Capital Lease Obligation Related Terms

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Sovereign Diamonds Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sovereign Diamonds Ltd (BOM:523826) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Mahakali Caves Road, Mahal Industrial Estate, 11-A,Sovereign House, Andheri East, Mumbai, MH, IND, 400093

Website

https://www.sovereigndiamondsltd.com

Sovereign Diamonds Ltd is a manufacturer and supplier of diamond jewelry. The company supplies its products to retail brands and retail chains. It has only one operating segment Jewellery Manufacturing.

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