Westlife Foodworld (BOM:505533) Long-Term Capital Lease Obligation : ₹11,235 Mil (As of Mar. 2024)

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What is Westlife Foodworld Long-Term Capital Lease Obligation?

Westlife Foodworld's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹11,235 Mil.

Westlife Foodworld's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹10,340 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹11,235 Mil).

Westlife Foodworld's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹7,584 Mil) to Mar. 2023 (₹8,865 Mil) and increased from Mar. 2023 (₹8,865 Mil) to Mar. 2024 (₹11,235 Mil).

Westlife Foodworld Long-Term Capital Lease Obligation Historical Data

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

Westlife Foodworld Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

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Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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7,044.27

6,741.72

7,584.30

8,864.58

11,234.97

Westlife Foodworld Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8,864.58	-	10,340.11	-	11,234.97

Westlife Foodworld (BOM:505533) 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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Westlife Foodworld (BOM:505533) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Westlife Foodworld Ltd (BOM:505533) » Definitions » Long-Term Capital Lease Obligation

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WESTLIFE:India

Address

Senapati Bapat Marg, 1001, Tower 3, 10th Floor, One International Center, Prabhadevi, Mumbai, MH, IND, 400 013

Website

https://www.westlife.co.in

Westlife Foodworld Ltd owns and operates several hundred McDonald's restaurants in western and southern India through a master franchise agreement with McDonald's Corp. The company's sole business segment is quick-service restaurants, and all of its sales are generated in India. The McDonald's menu is customized to cater to Indian tastes, with options such as the McAloo Tikki burger, Veg Pizza McPuff, and the Maharaja Mac. McDonald's restaurants in India serve no beef or pork and isolate vegetarian and nonvegetarian ingredients at all times.

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