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Platinum Industries (BOM:544134) Long-Term Capital Lease Obligation : ₹0.00 Mil (As of . 20)


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What is Platinum Industries Long-Term Capital Lease Obligation?

Platinum Industries's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₹0.00 Mil.

Platinum Industries Long-Term Capital Lease Obligation Historical Data

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

Platinum Industries Annual Data
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Long-Term Capital Lease Obligation

Platinum Industries Semi-Annual Data
Long-Term Capital Lease Obligation

Platinum Industries  (BOM:544134) 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.

Platinum Industries Long-Term Capital Lease Obligation Related Terms

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Platinum Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Platinum Industries Ltd (BOM:544134) » Definitions » Long-Term Capital Lease Obligation
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PLATIND:India
Address
Andheri Kurla Road, Unit No. 841, 4th Floor, Solitaire Corporate Park-8, Andheri East, Mumbai, MH, IND, 400093
Website
https://platinumindustriesltd.com
Platinum Industries Ltd is a multi-product company engaged in the business of manufacturing stabilizers. Its business segment includes PVC stabilizers, CPVC additives, and lubricants. The company operates in the speciality chemicals industry and its products find their application in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc.

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