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Grand Foundry (BOM:513343) Long-Term Capital Lease Obligation : ₹0.00 Mil (As of Dec. 2023)


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What is Grand Foundry Long-Term Capital Lease Obligation?

Grand Foundry's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil.


Grand Foundry Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grand Foundry'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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Grand Foundry Long-Term Capital Lease Obligation Chart

Grand Foundry Annual Data
Trend Mar12 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
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Grand Foundry Quarterly Data
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Grand Foundry  (BOM:513343) 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.

Grand Foundry Long-Term Capital Lease Obligation Related Terms

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Grand Foundry (BOM:513343) Business Description

Industry
Traded in Other Exchanges
Address
Sanjay Appa Chambers, 302, Cabin No.1, Plot No. 82 Behind Charat Singh Colony, Chakala Midc, Andheri East, MH, IND, 400093
Grand Foundry Ltd is engaged in the manufacturing of bright steel bars and wires. The company offers various heat treatment processes and supplies commercial lots of heat-treated bars to specific standards in the international market American, and German standards. Its products are utilized for various applications in the engineering industries, including petrochemical, oil and natural gas, and automotive industries.

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