Vinyas Innovative Technologies (NSE:VINYAS) Long-Term Capital Lease Obligation : ₹3 Mil (As of Mar. 2023)

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What is Vinyas Innovative Technologies Long-Term Capital Lease Obligation?

Vinyas Innovative Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹3 Mil.

Vinyas Innovative Technologies's quarterly Long-Term Capital Lease Obligation increased from Mar. 2021 (₹2 Mil) to Mar. 2022 (₹4 Mil) but then declined from Mar. 2022 (₹4 Mil) to Mar. 2023 (₹3 Mil).

Vinyas Innovative Technologies's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹2 Mil) to Mar. 2022 (₹4 Mil) but then declined from Mar. 2022 (₹4 Mil) to Mar. 2023 (₹3 Mil).

Vinyas Innovative Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vinyas Innovative Technologies'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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Vinyas Innovative Technologies Long-Term Capital Lease Obligation Chart

Vinyas Innovative Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

2.04

3.78

2.59

Vinyas Innovative Technologies Semi-Annual Data
	Mar21	Mar22	Mar23
Long-Term Capital Lease Obligation	2.04	3.78	2.59

Vinyas Innovative Technologies (NSE:VINYAS) 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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Vinyas Innovative Technologies (NSE:VINYAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinyas Innovative Technologies Ltd (NSE:VINYAS) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Plot No. 19, Survey No. 26 & 273-P, 3rd Phase, Koorgalli Industrial Area, Ilawala Hobali, Mysore, KA, IND, 570018

Website

https://www.vinyasit.com

Vinyas Innovative Technologies Ltd is a provider of design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in the Electronic Industry. As an integrated electronic manufacturing services provider, the Company offers a broad range of products and services across multiple industry segments. With wide industry knowledge, cutting-edge technologies & state-of-the-art infrastructure, Vinyas supports its Global partners from conceptualizing the design, engineering, and manufacturing to turnkey requirements for mission-critical applications.

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