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Galada Finance (BOM:538881) Long-Term Capital Lease Obligation : ₹0.00 Mil (As of Mar. 2024)


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What is Galada Finance Long-Term Capital Lease Obligation?

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


Galada Finance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Galada Finance'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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Galada Finance Long-Term Capital Lease Obligation Chart

Galada Finance Annual Data
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Long-Term Capital Lease Obligation
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Galada Finance Quarterly Data
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Galada Finance  (BOM:538881) 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.

Galada Finance Long-Term Capital Lease Obligation Related Terms

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Galada Finance (BOM:538881) Business Description

Traded in Other Exchanges
N/A
Address
Shaffee Mohammed Road, Shanti Sadan, Old Number 4, New Number 7, Thousand Lights, Chennai, TN, IND, 600 006
Galada Finance Ltd is an Indian-based non-banking financial company engaged in the business of financing. The company's services include Automobile Financing, Machinery and Equipment Financing, Insurance Solutions, and much more. Geographically, it operates only in India. The revenue is generated from interest receipts- financing operations. The Company is mainly engaged in the business of lending across retail, SME, and commercial customers with a presence in urban and rural India.

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