Vera Synthetic (NSE:VERA) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)

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What is Vera Synthetic Long-Term Capital Lease Obligation?

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

Vera Synthetic Long-Term Capital Lease Obligation Historical Data

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

Vera Synthetic Annual Data

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Long-Term Capital Lease Obligation

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Vera Synthetic Semi-Annual Data
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Vera Synthetic (NSE:VERA) 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.

Vera Synthetic Long-Term Capital Lease Obligation Related Terms

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Vera Synthetic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vera Synthetic Ltd (NSE:VERA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

BOM:521131 BOM:514324 BOM:539120 BOM:516098 BOM:509835 HKSE:01400 BOM:539111 BOM:512477 BOM:531205 BOM:531395

Traded in Other Exchanges

N/A

Address

Dairy Road, Devubag, Office Number Upper Level (UL) - 27, Pattani Plaza, Nilam Baug, Bhavnagar, GJ, IND, 364002

Website

https://www.sujlonropes.com

Vera Synthetic Ltd is engaged in the manufacturing of fishing nets ropes and twine yarn. It has also diversified its portfolio into plastic engineering products. It manufactures and markets its product under the brand name Sujlon. Its product portfolio includes Fishing Nets, Fishing Ropes, Mono Twine, Mono Yarn, Plastic Graunals, and Polypropylene PP among others. Geographically, it operates only in India.