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Pyramid Technoplast (BOM:543969) Long-Term Capital Lease Obligation : ₹0 Mil (As of Mar. 2024)


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What is Pyramid Technoplast Long-Term Capital Lease Obligation?

Pyramid Technoplast's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil.

Pyramid Technoplast's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (₹1 Mil) to Sep. 2023 (₹0 Mil) but then stayed the same from Sep. 2023 (₹0 Mil) to Mar. 2024 (₹0 Mil).

Pyramid Technoplast's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹4 Mil) to Mar. 2023 (₹1 Mil) and declined from Mar. 2023 (₹1 Mil) to Mar. 2024 (₹0 Mil).


Pyramid Technoplast Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pyramid Technoplast'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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Pyramid Technoplast Long-Term Capital Lease Obligation Chart

Pyramid Technoplast Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
11.26 7.84 4.42 1.00 -

Pyramid Technoplast Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 4.42 2.71 1.00 - -

Pyramid Technoplast  (BOM:543969) 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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Pyramid Technoplast (BOM:543969) Business Description

Traded in Other Exchanges
Address
Rani Sati Marg, Office No. 2, Second Floor, Shah Trade Center, Near W.E. Highway, Malad East, Mumbai, MH, IND, 400 067
Pyramid Technoplast Ltd is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000-litre capacity IBC. IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. The company uses blow molding technology to manufacture Polymer Drums and IBCs.

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