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Rex Sealing and Packaging Industries (BOM:543744) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)


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What is Rex Sealing and Packaging Industries Long-Term Capital Lease Obligation?

Rex Sealing and Packaging Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.


Rex Sealing and Packaging Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rex Sealing and Packaging 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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Rex Sealing and Packaging Industries Long-Term Capital Lease Obligation Chart

Rex Sealing and Packaging Industries Annual Data
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Rex Sealing and Packaging Industries Semi-Annual Data
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Rex Sealing and Packaging Industries  (BOM:543744) 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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Rex Sealing and Packaging Industries (BOM:543744) Business Description

Traded in Other Exchanges
N/A
Address
D K Road, A-207, 2nd Floor, Plot No.711 A, Byculla Services Industries, Ghodapdeo, Byculla (East), Mumbai, MH, IND, 400027
Rex Sealing and Packaging Industries Ltd is a manufacturer and exporter of sealing packing and insulation products including jointing sheets, fabric expansion joints, gland packing and ropes, high-temperature resistant textiles, ceramic fiber products, and others.

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