Supreme Industries (BOM:509930) Long-Term Capital Lease Obligation : ₹421 Mil (As of Mar. 2024)

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What is Supreme Industries Long-Term Capital Lease Obligation?

Supreme Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹421 Mil.

Supreme Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹315 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹421 Mil).

Supreme Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹323 Mil) to Mar. 2023 (₹367 Mil) and increased from Mar. 2023 (₹367 Mil) to Mar. 2024 (₹421 Mil).

Supreme Industries Long-Term Capital Lease Obligation Historical Data

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

Supreme Industries Annual Data

Trend

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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294.80

256.60

322.90

367.20

421.30

Supreme Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	367.20	314.60	-	421.30

Supreme Industries (BOM:509930) 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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Supreme Industries (BOM:509930) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Supreme Industries Ltd (BOM:509930) » Definitions » Long-Term Capital Lease Obligation

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SUPREMEIND:India

Address

167, Guru Hargovindji Marg, 1161 & 1162 Solitaire Corporate Park, Andheri Ghatkopar Link Road, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.supreme.co.in

Supreme Industries Ltd is an Indian plastic processor company. The company is engaged in the manufacturing of plastic products. The company operates in five segments namely Plastics piping systems, Consumer products, Industrial Products, Packaging Products and Other Products. The company has forayed into different types of plastic processing in Injection Moulding, Rotational Moulding (ROTO), Extrusion, Compression Moulding and Blow Moulding. The company mainly earns its revenue from the sale of plastic products.

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