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Bright Solar (NSE:BRIGHT) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Sep. 2022)


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What is Bright Solar Long-Term Capital Lease Obligation?

Bright Solar's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was ₹0.0 Mil.


Bright Solar Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bright Solar'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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Bright Solar Long-Term Capital Lease Obligation Chart

Bright Solar Annual Data
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Long-Term Capital Lease Obligation
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Bright Solar Semi-Annual Data
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Bright Solar  (NSE:BRIGHT) 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.

Bright Solar Long-Term Capital Lease Obligation Related Terms

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Bright Solar (NSE:BRIGHT) Business Description

Industry
Traded in Other Exchanges
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Address
Thaltej Cross Road, S.G. Highway, C-602, Titanium Square, Thaltej, Ahmedabad, GJ, IND, 380059
Bright Solar Ltd is engaged in assembling of DC/AC Solar Pumps and Solar Pump Systems. It is also engaged in Engineering, Procurement, and Construction (EPC) contracts for Solar Photovoltaic Water pumps which include supplying, installing, and commissioning the pump system along with a comprehensive maintenance contract. Its product offerings include solar water pumping systems, DC solar pumps, AC solar pumps, bright solar marts, and others. The operating segments of the company are Solar Water Pumping and Other Solar System; Installation of Systems and Consulting of Project Tendering and Infrastructure, and FMCG Sales. The company generates the majority of its revenue from Solar Water Pumping and other system sales.

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