Aartech Solonics (BOM:542580) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Jun. 2024)

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What is Aartech Solonics Long-Term Capital Lease Obligation?

Aartech Solonics's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0.0 Mil.

Aartech Solonics's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (₹0.0 Mil) to Mar. 2024 (₹0.6 Mil) but then declined from Mar. 2024 (₹0.6 Mil) to Jun. 2024 (₹0.0 Mil).

Aartech Solonics's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹1.1 Mil) to Mar. 2023 (₹0.9 Mil) and declined from Mar. 2023 (₹0.9 Mil) to Mar. 2024 (₹0.6 Mil).

Aartech Solonics Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aartech Solonics'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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Aartech Solonics Long-Term Capital Lease Obligation Chart

Aartech Solonics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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1.14

0.88

0.56

Aartech Solonics Quarterly Data
	Mar15	Mar16	Mar17	Mar18	Sep18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	1.06	-	0.56	-

Aartech Solonics (BOM:542580) 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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Aartech Solonics Business Description

Industry

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AARTECH:India

Address

E-2/57, Ashirvad, Arera Colony, Bhopal, MP, IND, 462016

Website

https://www.aartechsolonics.com

Aartech Solonics Ltd is a system solution-oriented research and development enterprise in the field of specialized and selected energy appliances. The company is involved in the manufacturing of electricity distribution and control apparatus such as switches, fuses, voltage limiters, surge suppressors, junction boxes and others for a voltage exceeding 1000 volts; similar apparatus including relays, sockets and others for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors. It serves Renewable Energy; Power; Heavy Engineering; Defense and Exploration; Helth Care; Information Technology and Telecom; and other industries.

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