Greenlam Industries (BOM:538979) Long-Term Capital Lease Obligation : ₹995 Mil (As of Sep. 2024)

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What is Greenlam Industries Long-Term Capital Lease Obligation?

Greenlam Industries's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹995 Mil.

Greenlam Industries's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (₹864 Mil) to Jun. 2024 (₹0 Mil) but then increased from Jun. 2024 (₹0 Mil) to Sep. 2024 (₹995 Mil).

Greenlam Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹385 Mil) to Mar. 2023 (₹426 Mil) and increased from Mar. 2023 (₹426 Mil) to Mar. 2024 (₹864 Mil).

Greenlam Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Greenlam Industries'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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Greenlam Industries Long-Term Capital Lease Obligation Chart

Greenlam Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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510.91

459.54

384.59

426.39

863.91

Greenlam Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															546.01	-	863.91	-	995.40

Greenlam Industries (BOM:538979) 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.

Greenlam Industries Long-Term Capital Lease Obligation Related Terms

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Greenlam Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Greenlam Industries Ltd (BOM:538979) » Definitions » Long-Term Capital Lease Obligation

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GREENLAM:India

Address

Worldmark 1, Aerocity, 203, 2nd Floor. West Wing, IGI Airport Hospitality District, New Delhi, IND, 110 037

Website

https://www.greenlamindustries.com

Greenlam Industries Ltd manufactures laminate flooring. The company manufactures and sells laminates, decorative veneers, and their allied products which are used for homes, kitchens, offices, and other premises. The firm offers its products under the Greenlam, New Mika, Decowood, Mikasa Floors, and Mikasa Doors and Frames brand names. The operating segments of the company are Laminates and Allied products, Veneer & Allied products, and Plywood & Allied products. The company generates the majority of its revenue from the Laminates & Allied Products segment, which is engaged in the business of manufacturing of Laminates and compact laminates. Geographically, the group has a business presence in India and Outside India, of which a majority of its revenue is derived from India.

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