Arvind Fashions (BOM:542484) Long-Term Capital Lease Obligation : ₹5,365 Mil (As of Mar. 2024)

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What is Arvind Fashions Long-Term Capital Lease Obligation?

Arvind Fashions's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,365 Mil.

Arvind Fashions's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹5,132 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹5,365 Mil).

Arvind Fashions's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹3,354 Mil) to Mar. 2023 (₹5,089 Mil) and increased from Mar. 2023 (₹5,089 Mil) to Mar. 2024 (₹5,365 Mil).

Arvind Fashions Long-Term Capital Lease Obligation Historical Data

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

Arvind Fashions Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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8,306.20

6,516.10

3,353.90

5,088.60

5,365.20

Arvind Fashions 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															5,088.60	-	5,132.40	-	5,365.20

Arvind Fashions (BOM:542484) 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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Arvind Fashions (BOM:542484) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Arvind Fashions Ltd (BOM:542484) » Definitions » Long-Term Capital Lease Obligation

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ARVINDFASN:India

Address

17, M.G Road, Du Parc Trinity, 8th Floor, Bangalore, KA, IND, 560 001

Website

https://www.arvind.com

Arvind Fashions Ltd is a branded apparel & Accessories company. The company's brands include US Polo, Tommy Hilfiger, Nautica, GAP, Calvin Klein, and others. Geographically, it derives a majority of its revenue from India. Its business activity falls within a single operating business segment of Branded Apparels.

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