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Holmarc Opto-Mechatronics (NSE:HOLMARC) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)


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What is Holmarc Opto-Mechatronics Long-Term Capital Lease Obligation?

Holmarc Opto-Mechatronics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.


Holmarc Opto-Mechatronics Long-Term Capital Lease Obligation Historical Data

The historical data trend for Holmarc Opto-Mechatronics'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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Holmarc Opto-Mechatronics Long-Term Capital Lease Obligation Chart

Holmarc Opto-Mechatronics Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
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Holmarc Opto-Mechatronics Semi-Annual Data
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Long-Term Capital Lease Obligation - - - -

Holmarc Opto-Mechatronics  (NSE:HOLMARC) 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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Holmarc Opto-Mechatronics Business Description

Traded in Other Exchanges
N/A
Address
Opposite Kalamassery Police Station, Door No. 37/386, Manath Tower, Changampuzha Nagar P.O, Kochi, KL, IND, 682033
Holmarc Opto-Mechatronics Ltd is engaged in manufacturing a variety of scientific and engineering instruments for research, industry, and education i.e. Imaging Instruments, Measuring Instruments, Spectroscopy, Analytical Instruments, Lab Instruments, Physics Lab Instruments, Breadboard/Table Tops, Opto-mechanics, Optics, Linear & Rotation Stages, Motorized Linear & Rotation Stages, Industrial Automation etc.

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