Pearl Global Industries (NSE:PGIL) Long-Term Capital Lease Obligation : ₹1,267 Mil (As of Mar. 2024)

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What is Pearl Global Industries Long-Term Capital Lease Obligation?

Pearl Global Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,267 Mil.

Pearl Global Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹1,119 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹1,267 Mil).

Pearl Global Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹716 Mil) to Mar. 2023 (₹968 Mil) and increased from Mar. 2023 (₹968 Mil) to Mar. 2024 (₹1,267 Mil).

Pearl Global Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pearl Global Industries'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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Pearl Global Industries Long-Term Capital Lease Obligation Chart

Pearl Global Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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698.74

653.14

716.14

968.23

1,266.68

Pearl Global Industries 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															968.23	-	1,118.88	-	1,266.68

Pearl Global Industries (NSE:PGIL) 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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Pearl Global Industries (NSE:PGIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pearl Global Industries Ltd (NSE:PGIL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

532808:India

Address

Pearl Tower, Plot No. 51, Sector - 32, Gurgaon, HR, IND, 122001

Website

https://www.pearlglobal.com

Pearl Global Industries Ltd is engaged in the manufacturing, sourcing, distribution, and export of ready-to-wear apparel through its domestic and global facilities and operations. The geographical segments of the company include Hong Kong, Bangladesh, India, and Others. The company earns majority of its revenue outside India. The company's product range comprises of knits, woven and bottoms across men, women, and kids wear segments.

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