Forcas Studio (NSE:FORCAS) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2023)

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What is Forcas Studio Long-Term Capital Lease Obligation?

Forcas Studio's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0.0 Mil.

Forcas Studio Long-Term Capital Lease Obligation Historical Data

The historical data trend for Forcas Studio'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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Forcas Studio Long-Term Capital Lease Obligation Chart

Forcas Studio Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

Forcas Studio Semi-Annual Data
	Mar21	Mar22	Mar23
Long-Term Capital Lease Obligation	-	-	-

Forcas Studio (NSE:FORCAS) 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.

Forcas Studio Long-Term Capital Lease Obligation Related Terms

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Forcas Studio Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Forcas Studio Ltd (NSE:FORCAS) » Definitions » Long-Term Capital Lease Obligation

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Address

Budge Budge Trunk Road, B-3 71C/161, Tara Maa Tower, Khalpole, South 24 Parganas, Thakurpur, Mahestola, WB, IND, 700 142

Website

https://www.focasstudio.in

Forcas Studio Ltd sells men's clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company provides these products online and in bulk to customers all over India. It also offers white-labelling services for other brands, such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, and more. The company sells its products through online platforms under the brand name of FTX' Tribe and Conteno.

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