Kewal Kiran Clothing (BOM:532732) Long-Term Capital Lease Obligation : ₹142 Mil (As of Mar. 2024)

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What is Kewal Kiran Clothing Long-Term Capital Lease Obligation?

Kewal Kiran Clothing's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹142 Mil.

Kewal Kiran Clothing's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₹131 Mil) to Dec. 2023 (₹133 Mil) and increased from Dec. 2023 (₹133 Mil) to Mar. 2024 (₹142 Mil).

Kewal Kiran Clothing's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹44 Mil) to Mar. 2023 (₹129 Mil) and increased from Mar. 2023 (₹129 Mil) to Mar. 2024 (₹142 Mil).

Kewal Kiran Clothing Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kewal Kiran Clothing'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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Kewal Kiran Clothing Long-Term Capital Lease Obligation Chart

Kewal Kiran Clothing Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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34.20

31.14

43.88

128.65

142.40

Kewal Kiran Clothing 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															128.65	127.30	131.40	132.50	142.40

Kewal Kiran Clothing (BOM:532732) 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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Kewal Kiran Clothing (BOM:532732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kewal Kiran Clothing Ltd (BOM:532732) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

KKCL:India

Address

I.B. Patel Road, 460/7, Kewal Kiran Estate, Near Western Express Highway, Goregaon (East), Mumbai, MH, IND, 400 063

Website

https://www.kewalkiran.com

Kewal Kiran Clothing Ltd is an Indian company. The company is engaged in manufacturing, marketing, and retailing of branded readymade garments and finished accessories. Its brand includes Killer, Easies, LawmanPg3, K-Lounge and Integriti. The company has a presence in Asia, the Middle East, and CIS.

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