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Swaraj Suiting (NSE:SWARAJ) Long-Term Capital Lease Obligation : ₹0 Mil (As of Mar. 2023)


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What is Swaraj Suiting Long-Term Capital Lease Obligation?

Swaraj Suiting's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0 Mil.


Swaraj Suiting Long-Term Capital Lease Obligation Historical Data

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

Swaraj Suiting Annual Data
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Long-Term Capital Lease Obligation
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Swaraj Suiting Semi-Annual Data
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Swaraj Suiting  (NSE:SWARAJ) 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.

Swaraj Suiting Long-Term Capital Lease Obligation Related Terms

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Swaraj Suiting (NSE:SWARAJ) Business Description

Traded in Other Exchanges
N/A
Address
RIICO Growth Centre, F-483 To F-487, Hamirgarh, Bhilwara, RJ, IND, 311025
Swaraj Suiting Ltd is mainly engaged into the textile industry. It operates under various verticals namely manufacturing of denim, grey fabric, weaving on a Job Work basis, trading of the finished fabric and grey fabric and yarn. The company operates in four states Rajasthan, Gujarat, Madhya Pradesh and Maharashtra. The company generates the majority of its revenue from Finish Fabrics sale.

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