Quality Foils (India) (NSE:QFIL) Long-Term Capital Lease Obligation : ₹0 Mil (As of Sep. 2023)

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What is Quality Foils (India) Long-Term Capital Lease Obligation?

Quality Foils (India)'s Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0 Mil.

Quality Foils (India) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Quality Foils (India)'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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Quality Foils (India) Long-Term Capital Lease Obligation Chart

Quality Foils (India) Annual Data

Trend

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Long-Term Capital Lease Obligation

Quality Foils (India) Semi-Annual Data
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Quality Foils (India) (NSE:QFIL) 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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Quality Foils (India) (NSE:QFIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Quality Foils (India) Ltd (NSE:QFIL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

3, Industrial Development Colony, Hisar, HR, IND, 125005

Website

https://www.qualitygroup.in

Quality Foils (India) Ltd is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. The products of the company are sold both in the domestic as well as international markets.

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