Ambition Mica (BOM:539223) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Jun. 2023)

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What is Ambition Mica Long-Term Capital Lease Obligation?

Ambition Mica's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₹0.0 Mil.

Ambition Mica's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (₹0.0 Mil) to Mar. 2023 (₹4.1 Mil) but then declined from Mar. 2023 (₹4.1 Mil) to Jun. 2023 (₹0.0 Mil).

Ambition Mica's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (₹4.3 Mil) to Mar. 2022 (₹4.2 Mil) and declined from Mar. 2022 (₹4.2 Mil) to Mar. 2023 (₹4.1 Mil).

Ambition Mica Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ambition Mica'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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Ambition Mica Long-Term Capital Lease Obligation Chart

Ambition Mica Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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4.37

4.32

4.22

4.10

Ambition Mica Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	4.10	-

Ambition Mica (BOM:539223) 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.

Ambition Mica Long-Term Capital Lease Obligation Related Terms

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Ambition Mica (BOM:539223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ambition Mica Ltd (BOM:539223) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Anand Timber Mart Compound, Behind Karnavati Hospital, Opposite Saijpur Tower, Saijpur Bogha, Ahmedabad, GJ, IND, 382345

Website

https://www.ambitionmica.com

Ambition Mica Ltd operates in the laminate industry. The company is engaged in the manufacturing of decorative laminates and door skins. It markets laminates and door skin under brands like Antique, Art Lam, Antique Aurum, Antique Natural Wood, Boutique, and Micro Touch.

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