Simplex Mills Co (BOM:533018) Long-Term Capital Lease Obligation : ₹0.00 Mil (As of Mar. 2024)

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What is Simplex Mills Co Long-Term Capital Lease Obligation?

Simplex Mills Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil.

Simplex Mills Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Simplex Mills Co'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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Simplex Mills Co Long-Term Capital Lease Obligation Chart

Simplex Mills Co Annual Data

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Long-Term Capital Lease Obligation

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Simplex Mills Co Quarterly Data
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Simplex Mills Co (BOM:533018) 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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Simplex Mills Co (BOM:533018) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Simplex Mills Co Ltd (BOM:533018) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

30, Keshavrao Khadye Marg, Sant Gadge Maharaj Chowk, Mahalaxmi (East), Mumbai, MH, IND, 400011

Website

https://www.simplex-group.com

Simplex Mills Co Ltd is engaged in the trading of textile products such as clothes and fabrics. Geographically, the company operates only in India. The company generates a majority of its revenue from the sale of Traded goods.

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