Royale Manor Hotels & Industries (BOM:526640) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)

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What is Royale Manor Hotels & Industries Long-Term Capital Lease Obligation?

Royale Manor Hotels & Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.

Royale Manor Hotels & Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Royale Manor Hotels & 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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Royale Manor Hotels & Industries Long-Term Capital Lease Obligation Chart

Royale Manor Hotels & Industries Annual Data

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Long-Term Capital Lease Obligation

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Royale Manor Hotels & Industries Quarterly Data
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Royale Manor Hotels & Industries (BOM:526640) 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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Royale Manor Hotels & Industries (BOM:526640) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royale Manor Hotels & Industries Ltd (BOM:526640) » Definitions » Long-Term Capital Lease Obligation

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Address

International Airport Circle, Ahmedabad, IND, 382475

Website

http://www.rmhil.com

Royale Manor Hotels & Industries Ltd is an India-based company engaged in short-term accommodation activities, Restaurants without bars, and Event catering business. The company operates a five-star hotel in Ahmedabad. It has only one segment; the Hotel business and within one geographical segment; India.

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