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Greenhitech Ventures (BOM:544163) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Sep. 2024)


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What is Greenhitech Ventures Long-Term Capital Lease Obligation?

Greenhitech Ventures's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹0.0 Mil.


Greenhitech Ventures Long-Term Capital Lease Obligation Historical Data

The historical data trend for Greenhitech Ventures'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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Greenhitech Ventures Long-Term Capital Lease Obligation Chart

Greenhitech Ventures Annual Data
Trend Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
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Greenhitech Ventures Semi-Annual Data
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Greenhitech Ventures  (BOM:544163) 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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Greenhitech Ventures Business Description

Industry
Traded in Other Exchanges
N/A
Address
B27/92 K1 Jawahar Nagar Colony, Bhelupura, Varanasi, UP, IND, 221010
Greenhitech Ventures Ltd is engaged in trading of various petroleum-based products for the different categories of industries based on their requirement. This includes the supply of biofuels, bitumen, light-density oils, furnace oils, etc. The company is also engaged in Operation & Maintenance as a Job worker for Ethanol manufacturing in government-owned distilleries. It understands the market needs and upgrades its team constantly with growing technology and market trends. The company provides business solutions and services to consumers of Fuels and other alternative materials across India.

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