Lorenzini Apparels (NSE:LAL) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Dec. 2024)

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What is Lorenzini Apparels Long-Term Capital Lease Obligation?

Lorenzini Apparels's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₹0.0 Mil.

Lorenzini Apparels's quarterly Long-Term Capital Lease Obligation increased from Jun. 2024 (₹0.0 Mil) to Sep. 2024 (₹9.9 Mil) but then declined from Sep. 2024 (₹9.9 Mil) to Dec. 2024 (₹0.0 Mil).

Lorenzini Apparels's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹42.0 Mil) to Mar. 2023 (₹35.8 Mil) and declined from Mar. 2023 (₹35.8 Mil) to Mar. 2024 (₹13.7 Mil).

Lorenzini Apparels Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lorenzini Apparels'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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Lorenzini Apparels Long-Term Capital Lease Obligation Chart

Lorenzini Apparels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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20.83

41.95

35.82

13.65

Lorenzini Apparels Quarterly Data
	Jul17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	13.65	-	9.87	-

Lorenzini Apparels (NSE:LAL) 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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Lorenzini Apparels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lorenzini Apparels Ltd (NSE:LAL) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

540952:India

Address

C-64, Okhla Industrial Area Phase - I, South Delhi, New Delhi, IND, 110020

Website

https://www.mymonteil.com

Lorenzini Apparels Ltd is engaged in the business of manufacturing, designing and marketing of readymade garments offering diverse range of formal, semi-formal and casual wear for men and women. It serves customers through the channels of retail and e-commerce. Its garment manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. It also outsources the garments manufacturing on job work basis from third party contractors from time to time and provides the technical specifications such as designs, pattern, quality, fabric etc. to them who, based on its specifications, procure the requisite raw materials at their own costs and begin the manufacturing process.

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