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Aarnav Fashions (BOM:539562) Long-Term Capital Lease Obligation : ₹0 Mil (As of Dec. 2023)


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What is Aarnav Fashions Long-Term Capital Lease Obligation?

Aarnav Fashions's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil.


Aarnav Fashions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aarnav Fashions'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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Aarnav Fashions Long-Term Capital Lease Obligation Chart

Aarnav Fashions Annual Data
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Long-Term Capital Lease Obligation
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Aarnav Fashions Quarterly Data
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Aarnav Fashions  (BOM:539562) 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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Aarnav Fashions (BOM:539562) Business Description

Traded in Other Exchanges
N/A
Address
Survey No. 302 / 303, Narol - Vatva Road, Narol, Ahmedabad, GJ, IND, 382405
Aarnav Fashions Ltd is an India-based company. It has an interest in investment and financial services. It operates through two business segments that are Financial services; and Trading. The business of financing includes trading commodities, shares, and securities. The trading business, which generates maximum revenue for the company, is involved in the trading of textiles. Geographically the company offers its service only to the Indian market.

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