R M Drip & Sprinklers Systems (NSE:RMDRIP) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Sep. 2023)

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What is R M Drip & Sprinklers Systems Long-Term Capital Lease Obligation?

R M Drip & Sprinklers Systems's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil.

R M Drip & Sprinklers Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for R M Drip & Sprinklers Systems'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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R M Drip & Sprinklers Systems Long-Term Capital Lease Obligation Chart

R M Drip & Sprinklers Systems Annual Data

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Long-Term Capital Lease Obligation

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R M Drip & Sprinklers Systems Semi-Annual Data
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R M Drip & Sprinklers Systems (NSE:RMDRIP) 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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R M Drip & Sprinklers Systems (NSE:RMDRIP) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » R M Drip & Sprinklers Systems Ltd (NSE:RMDRIP) » Definitions » Long-Term Capital Lease Obligation

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Address

Gat No. 475, Village Gonde, Taluka Sinnar, Nashik, MH, IND, 422113

Website

http://www.rmdrip.com

R M Drip & Sprinklers Systems Ltd designs manufacture and sell micro-irrigation equipment. The company's products are Drip Irrigation, Sprinkler Irrigation, Filters, among others. The Company also assists the farmers in designing and installation of its Sprinkler and Drip Irrigations systems according to their needs. The dealer network expands from Maharashtra, Madhya Pradesh, Gujarat, Karnataka and extended its market to Uttar Pradesh, Bihar and Jharkhand.

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