Indian Card Clothing Co (NSE:INDIANCARD) Long-Term Capital Lease Obligation : ₹33.2 Mil (As of Mar. 2024)

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What is Indian Card Clothing Co Long-Term Capital Lease Obligation?

Indian Card Clothing Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹33.2 Mil.

Indian Card Clothing Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹15.2 Mil) to Dec. 2023 (₹0.0 Mil) but then increased from Dec. 2023 (₹0.0 Mil) to Mar. 2024 (₹33.2 Mil).

Indian Card Clothing Co's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2022 (₹0.0 Mil) to Mar. 2023 (₹0.0 Mil) but then increased from Mar. 2023 (₹0.0 Mil) to Mar. 2024 (₹33.2 Mil).

Indian Card Clothing Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Indian Card Clothing Co'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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Indian Card Clothing Co Long-Term Capital Lease Obligation Chart

Indian Card Clothing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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33.21

Indian Card Clothing Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	15.19	-	33.21

Indian Card Clothing Co (NSE:INDIANCARD) 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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Indian Card Clothing Co (NSE:INDIANCARD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Indian Card Clothing Co Ltd (NSE:INDIANCARD) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

509692:India

Address

Koregaon Park Annexe, 14th Floor, B Wing, AP-81, Mundhwa, Pune, MH, IND, 411036

Website

https://www.cardindia.com

Indian Card Clothing Co Ltd is a manufacturer of card clothing based in India. The company operates through two divisions: Card Clothing and Realty. It generates maximum revenue from the Card Clothing segment. Geographically, it sells its products in India and also exports them to other countries, from which the company derives a majority of its revenue from India. The company's product portfolio comprises Carding Solutions by Product Type which includes Cylinder Wires, Doffer Wires, Lickerin Wires, and Flat Tops. Carding Solutions by Material Type which includes Cotton and Synthetics, Woollen and Others, and Metallic Wires for Non-Woven and Carding solutions by application which includes Card clothing, Card room machinery, and Upgradation products.

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