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Mayank Cattle Food (BOM:544106) Long-Term Capital Lease Obligation : ₹0 Mil (As of Sep. 2024)


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What is Mayank Cattle Food Long-Term Capital Lease Obligation?

Mayank Cattle Food's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹0 Mil.


Mayank Cattle Food Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mayank Cattle Food'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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Mayank Cattle Food Long-Term Capital Lease Obligation Chart

Mayank Cattle Food Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
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Mayank Cattle Food Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Sep24
Long-Term Capital Lease Obligation - - - - -

Mayank Cattle Food  (BOM:544106) 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.

Mayank Cattle Food Long-Term Capital Lease Obligation Related Terms

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Mayank Cattle Food Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Rajkot Jamnagar Highway, R. S. No. 162, Near Khandheri Stadium, Village Naranka, Tal. Paddhari, Rajkot, GJ, IND, 360110
Mayank Cattle Food Ltd is engaged in the manufacturing of Maize Cake (Cattle Feed) and maize Oil (Non-edible). The business process involves the purchase of the Maize Germ, then mechanized expelling, packaging, and selling of the Maize Oil and Maize Cake, and trade in Cotton cakes and Cotton Bales. Maize Oil or Corn Oil is extracted from the germ of Maize (Corn) and Maize Cake is the by-product obtained from the extraction of Maize Oil which is very high in fat or oil content.

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