Somany Ceramics (BOM:531548) Long-Term Capital Lease Obligation : ₹341 Mil (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Somany Ceramics Long-Term Capital Lease Obligation?

Somany Ceramics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹341 Mil.

Somany Ceramics's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹348 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹341 Mil).

Somany Ceramics's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹294 Mil) to Mar. 2023 (₹378 Mil) but then declined from Mar. 2023 (₹378 Mil) to Mar. 2024 (₹341 Mil).

Somany Ceramics Long-Term Capital Lease Obligation Historical Data

The historical data trend for Somany Ceramics'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.

* Premium members only.

Somany Ceramics Long-Term Capital Lease Obligation Chart

Somany Ceramics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

246.16

322.79

294.22

377.84

341.30

Somany Ceramics 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															377.84	-	348.20	-	341.30

Somany Ceramics (BOM:531548) 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.

Somany Ceramics Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Somany Ceramics's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Somany Ceramics (BOM:531548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Somany Ceramics Ltd (BOM:531548) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SOMANYCERA:India

Address

F-36, Sector-6, Noida, UP, IND, 201301

Website

https://www.somanyceramics.com

Somany Ceramics Ltd is an India based manufacturer and marketer of tiles, sanitary ware, and bath fittings products. It offers products such as Floor tiles, Wall tiles and claddings, Tile laying solutions, and Sanitary ware products, such as toilets, basins, urinals, sinks, cabinet basins, cisterns, and seat covers. It also provides CP fittings, such as Faucets, Showers, accessories, and allied products. The business activity of the company falls within the primary segment of Ceramic tiles and Allied products. It derives key revenue from the sale of Tiles.

Somany Ceramics (BOM:531548) Headlines

No Headlines