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Flair Writing Industries (BOM:544030) Long-Term Capital Lease Obligation : ₹203 Mil (As of Mar. 2024)


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What is Flair Writing Industries Long-Term Capital Lease Obligation?

Flair Writing Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹203 Mil.

Flair Writing Industries's quarterly Long-Term Capital Lease Obligation increased from Mar. 2022 (₹14 Mil) to Mar. 2023 (₹68 Mil) and increased from Mar. 2023 (₹68 Mil) to Mar. 2024 (₹203 Mil).

Flair Writing Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹14 Mil) to Mar. 2023 (₹68 Mil) and increased from Mar. 2023 (₹68 Mil) to Mar. 2024 (₹203 Mil).

Flair Writing Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Flair Writing Industries'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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Flair Writing Industries Long-Term Capital Lease Obligation Chart

Flair Writing Industries Annual Data
Trend Mar17 Mar18 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - 43.67 13.59 67.72 202.69

Flair Writing Industries Semi-Annual Data
Mar17 Mar18 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - 43.67 13.59 67.72 202.69

Flair Writing Industries  (BOM:544030) 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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Flair Writing Industries (BOM:544030) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Flair Writing Industries Ltd (BOM:544030) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
FLAIR:India
Address
63 B/C, Government Industrial Estate, Charkop, Kandivali West, Mumbai, MH, IND, 400 067
Website
https://www.flairworld.in
Flair Writing Industries Ltd is engaged in manufacturing pens and other products. It manufactures and distributes several brands in India and due to its ability to manufacture quality products and its distribution and retail capabilities, It is able to partner with various international brands in the writing instruments industry. Its products are sold under its Flair brand, its principal brands Hauser and Pierre Cardin and It has recently introduced ZOOX in India. Its products include ball pens, fountain pens, gel pens, roller pens and metal pens, mechanical pencils, highlighters, correction pens, markers, gel crayons, colouring range, erasers, geometry boxes and kids stationery kits, and calculators.

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