Innovative Tech Pack (BOM:523840) Long-Term Capital Lease Obligation : ₹0 Mil (As of Dec. 2024)

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What is Innovative Tech Pack Long-Term Capital Lease Obligation?

Innovative Tech Pack's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₹0 Mil.

Innovative Tech Pack's quarterly Long-Term Capital Lease Obligation increased from Jun. 2024 (₹0 Mil) to Sep. 2024 (₹1 Mil) but then declined from Sep. 2024 (₹1 Mil) to Dec. 2024 (₹0 Mil).

Innovative Tech Pack's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹9 Mil) to Mar. 2023 (₹2 Mil) and declined from Mar. 2023 (₹2 Mil) to Mar. 2024 (₹1 Mil).

Innovative Tech Pack Long-Term Capital Lease Obligation Historical Data

The historical data trend for Innovative Tech Pack'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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Innovative Tech Pack Long-Term Capital Lease Obligation Chart

Innovative Tech Pack Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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15.60

14.57

8.61

1.68

0.90

Innovative Tech Pack Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.90	-	0.90	-

Innovative Tech Pack (BOM:523840) 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.

Innovative Tech Pack Long-Term Capital Lease Obligation Related Terms

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Innovative Tech Pack Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Innovative Tech Pack Ltd (BOM:523840) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

803-805, 8th Floor, Tower-2, Plot No -22, Sector-135, Assotech Business Cresterra, Noida, UP, IND, 201301

Website

https://www.itplgroup.com

Innovative Tech Pack Ltd operates in the plastic packaging industry. The company is engaged in the business of manufacturing and reselling plastic bottles, jars, containers, pre-forms, and caps. Its product portfolio includes packaging for oils, liquor, medicinal syrups, sauces, insect repellents, honey, energy powders, candies, biscuits, mayonnaise, and dairy-based beverages. The company serves clients in various industries including food, confectionery, beverage, consumer care, pharmaceutical, dairy, and other industries.

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