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Sonam (NSE:SONAMLTD) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)


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What is Sonam Long-Term Capital Lease Obligation?

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

Sonam Long-Term Capital Lease Obligation Historical Data

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

Sonam Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
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Sonam Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
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Sonam  (NSE:SONAMLTD) 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.

Sonam Long-Term Capital Lease Obligation Related Terms

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Sonam Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sonam Ltd (NSE:SONAMLTD) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
Morbi Rajkot Highway, Survey No. 337/p, District Morbi, Village Lajai, Taluka Tankara, Rajkot, GJ, IND, 363 641
Website
https://www.sonamquartz.com
Sonam Ltd Formerly Sonam Clock Ltd operates in the clock manufacturing industry. The company is engaged in the Manufacturing and Sale of Horological items, Clocks, Clock Movements, and related items. Geographically, it operates only in India. Some of its products include alarm timepiece clocks, classy dial clocks, designer clocks, divine tune clocks, LCD clocks, LED digital clocks, light sensor clocks, and others. Its products are sold under the brand names of Sonam, ampm, and Lotus.

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