Cello World (BOM:544012) Long-Term Capital Lease Obligation : ₹1 Mil (As of Sep. 2024)

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What is Cello World Long-Term Capital Lease Obligation?

Cello World's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹1 Mil.

Cello World's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (₹56 Mil) to Jun. 2024 (₹0 Mil) but then increased from Jun. 2024 (₹0 Mil) to Sep. 2024 (₹1 Mil).

Cello World's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹87 Mil) to Mar. 2023 (₹71 Mil) and declined from Mar. 2023 (₹71 Mil) to Mar. 2024 (₹56 Mil).

Cello World Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cello World'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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Cello World Long-Term Capital Lease Obligation Chart

Cello World Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

104.28

86.97

71.35

56.02

Cello World Quarterly Data
	Mar21	Mar22	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					-	-	56.02	-	1.09

Cello World (BOM:544012) 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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Cello World Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Cello World Ltd (BOM:544012) » Definitions » Long-Term Capital Lease Obligation

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CELLO:India

Address

Sonawala Road, Corporate Avenue, Cello House, B Wing, 8th Floor, Goregaon (East), Mumbai, MH, IND, 400063

Website

https://corporate.celloworld.com

Cello World Ltd is a popular Indian consumer products company. It is engaged in the consumerware market in India, with a presence in consumer houseware, writing instruments and stationery, molded furniture, and allied product categories. It is engaged in the business of trading consumer products namely plastic and rubber products such as water bottles, storage containers and jars, tiffins and lunch carriers, stationery items, glassware, steel flasks, and jars among others. Geographically, the company generates a majority of its revenue within India.

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