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DOMS Industries (BOM:544045) Long-Term Capital Lease Obligation : ₹365 Mil (As of Sep. 2023)


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What is DOMS Industries Long-Term Capital Lease Obligation?

DOMS Industries's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹365 Mil.

DOMS Industries's quarterly Long-Term Capital Lease Obligation increased from Mar. 2022 (₹294 Mil) to Mar. 2023 (₹303 Mil) and increased from Mar. 2023 (₹303 Mil) to Sep. 2023 (₹365 Mil).

DOMS Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹283 Mil) to Mar. 2022 (₹294 Mil) and increased from Mar. 2022 (₹294 Mil) to Mar. 2023 (₹303 Mil).

DOMS Industries Long-Term Capital Lease Obligation Historical Data

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

DOMS Industries Annual Data
Trend Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
283.15 293.62 302.57

DOMS Industries Semi-Annual Data
Mar21 Mar22 Mar23 Sep23
Long-Term Capital Lease Obligation 283.15 293.62 302.57 364.61

DOMS Industries  (BOM:544045) 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.

DOMS Industries Long-Term Capital Lease Obligation Related Terms

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DOMS Industries (BOM:544045) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DOMS Industries Ltd (BOM:544045) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
Traded in Other Exchanges
DOMS:India
Address
Plot No. 117, 52 Hector Expansion Area, G.I.D.C., District Valsad, Umbergaon, GJ, IND, 396171
Website
https://www.domsindia.com
DOMS Industries Ltd is engaged in the manufacturing of stationery and art material products in India. It designs, develops, manufactures, and sells products, primarily under DOMS brand. Its products are classified across seven categories: (i) scholastic stationery; (ii) scholastic art material; (iii) paper stationery; (iv) kits and combos; (v) office supplies; (vi) hobby and craft; and (vii) fine art products.

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