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Priti International (NSE:PRITI) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Dec. 2024)


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What is Priti International Long-Term Capital Lease Obligation?

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


Priti International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Priti International'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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Priti International Long-Term Capital Lease Obligation Chart

Priti International Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
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Priti International Quarterly Data
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Priti International  (NSE:PRITI) 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.

Priti International Long-Term Capital Lease Obligation Related Terms

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Priti International Business Description

Traded in Other Exchanges
N/A
Address
M.I.A., Plot No. F-43, 1st Phase, Basni, Jodhpur, RJ, IND, 342001
Priti International Ltd is engaged in the manufacturing and exporting of handicraft products. It offers products including living room furniture, bedroom furniture, dining room, seating, home and kitchen, and others. The company's operating segment includes Wooden and Iron Handicraft and Textile Handicraft. It generates maximum revenue from the Wooden and Iron Handicraft segment.

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