Sonal Mercantile (BOM:538943) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)

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What is Sonal Mercantile Long-Term Capital Lease Obligation?

Sonal Mercantile's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.

Sonal Mercantile Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sonal Mercantile'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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Sonal Mercantile Long-Term Capital Lease Obligation Chart

Sonal Mercantile Annual Data

Trend

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Long-Term Capital Lease Obligation

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Sonal Mercantile Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Sonal Mercantile (BOM:538943) 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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Sonal Mercantile (BOM:538943) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sonal Mercantile Ltd (BOM:538943) » Definitions » Long-Term Capital Lease Obligation

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Address

365, Vardhman Plaza, III Floor, Sector-3, Rohini, New Delhi, IND, 110085

Website

https://www.sonalmercantile.in

Sonal Mercantile Ltd is an India-based non-banking financial company. It is engaged in providing secured and unsecured loans and advances and is also involved in investing in quoted and unquoted securities in the stock and commodity markets. The company offers inter-corporate loans, personal loans, long-term and short-term loans, Trade financing, Bills Discounting, Project Appraisal, Loans against Guarantees, and Properties.

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