Metro Brands (BOM:543426) Long-Term Capital Lease Obligation : ₹0 Mil (As of Dec. 2023)

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What is Metro Brands Long-Term Capital Lease Obligation?

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

Metro Brands's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₹0 Mil) to Sep. 2023 (₹9,246 Mil) but then declined from Sep. 2023 (₹9,246 Mil) to Dec. 2023 (₹0 Mil).

Metro Brands's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹4,886 Mil) to Mar. 2022 (₹5,982 Mil) and increased from Mar. 2022 (₹5,982 Mil) to Mar. 2023 (₹8,128 Mil).

Metro Brands Long-Term Capital Lease Obligation Historical Data

The historical data trend for Metro Brands'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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Metro Brands Long-Term Capital Lease Obligation Chart

Metro Brands Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

3,476.79

4,580.31

4,886.46

5,981.84

8,128.14

Metro Brands Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											-	8,128.14	-	9,246.40	-

Metro Brands (BOM:543426) 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.

Metro Brands Long-Term Capital Lease Obligation Related Terms

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Metro Brands (BOM:543426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Metro Brands Ltd (BOM:543426) » Definitions » Long-Term Capital Lease Obligation

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METROBRAND:India

Address

Lal Bahadur Shastri Road & CST Road Junction, 401, Zillion, 4th Floor, Kurla (West), Mumbai, MH, IND, 400 070

Website

https://www.metrobrands.com

Metro Brands Ltd is a footwear speciality retailer. It offers a wide range of branded products for the entire family including men, women, unisex and kids, and for every occasion including casual and formal events. The Company's only business being trading of fashion footwear, bags, and accessories operating in the premium and economy category.

Metro Brands (BOM:543426) Headlines

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