Sapphire Foods India (BOM:543397) Long-Term Capital Lease Obligation : ₹10,241 Mil (As of Mar. 2024)

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What is Sapphire Foods India Long-Term Capital Lease Obligation?

Sapphire Foods India's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹10,241 Mil.

Sapphire Foods India's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹8,434 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹10,241 Mil).

Sapphire Foods India's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹6,496 Mil) to Mar. 2023 (₹7,713 Mil) and increased from Mar. 2023 (₹7,713 Mil) to Mar. 2024 (₹10,241 Mil).

Sapphire Foods India Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sapphire Foods India'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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Sapphire Foods India Long-Term Capital Lease Obligation Chart

Sapphire Foods India Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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5,025.13

4,905.02

6,496.39

7,712.78

10,241.09

Sapphire Foods India Quarterly Data
	Mar19	Mar20	Jun20	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												7,712.78	-	8,433.81	-	10,241.09

Sapphire Foods India (BOM:543397) 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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Sapphire Foods India (BOM:543397) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Sapphire Foods India Ltd (BOM:543397) » Definitions » Long-Term Capital Lease Obligation

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SAPPHIRE:India

Address

Mindspace, Link Road, 702, Prism Tower, A Wing, Goregaon (West), Mumbai, MH, IND, 400 062

Website

https://www.sapphirefoods.in

Sapphire Foods India Ltd is the largest franchisee of Yum! Brands in the Indian subcontinent, with a track record of successfully operating more than 400 KFC, Pizza Hut, and Taco Bell restaurants across India, Sri Lanka, and the Maldives. Its business activity primarily falls within a single business and geographical segment which is Food and Beverages.

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