VIP Industries (BOM:507880) Long-Term Capital Lease Obligation : ₹2,813 Mil (As of Mar. 2024)

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What is VIP Industries Long-Term Capital Lease Obligation?

VIP Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,813 Mil.

VIP Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹2,227 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹2,813 Mil).

VIP Industries's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹1,370 Mil) to Mar. 2023 (₹1,299 Mil) but then increased from Mar. 2023 (₹1,299 Mil) to Mar. 2024 (₹2,813 Mil).

VIP Industries Long-Term Capital Lease Obligation Historical Data

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

VIP Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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1,798.80

1,610.60

1,370.10

1,298.90

2,812.90

VIP Industries 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															1,298.90	-	2,227.10	-	2,812.90

VIP Industries (BOM:507880) 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.

VIP Industries Long-Term Capital Lease Obligation Related Terms

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VIP Industries (BOM:507880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » VIP Industries Ltd (BOM:507880) » Definitions » Long-Term Capital Lease Obligation

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VIPIND:India

Address

88-C, Old Prabhadevi Road, DGP House, 5th Floor, Mumbai, MH, IND, 400 025

Website

https://www.vipindustries.co.in

VIP Industries Ltd is a luggage manufacturer based in India. The company's only segment is the manufacturing and marketing of luggage, bags, and accessories. Geographically, it derives a majority of revenue from India. VIP has a range of brands across luggage categories including Carlton, VIP Bags, Skybags, Aristocrat, Alfa, and Caprese through which it sells trolleys, rucksacks, backpacks, duffel bags, laptop bags, travel accessories, short-haul essentials, soft uprights, vanity cases, hard suitcases, briefcases, and uprights, among others.

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