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Gopal Snacks (BOM:544140) Long-Term Capital Lease Obligation : ₹0 Mil (As of Sep. 2023)


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What is Gopal Snacks Long-Term Capital Lease Obligation?

Gopal Snacks's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0 Mil.

Gopal Snacks's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (₹0 Mil) to Mar. 2023 (₹9 Mil) but then declined from Mar. 2023 (₹9 Mil) to Sep. 2023 (₹0 Mil).

Gopal Snacks's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (₹17 Mil) to Mar. 2022 (₹14 Mil) and declined from Mar. 2022 (₹14 Mil) to Mar. 2023 (₹9 Mil).

Gopal Snacks Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gopal Snacks'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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Gopal Snacks Long-Term Capital Lease Obligation Chart

Gopal Snacks Annual Data
Trend Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
16.63 13.69 8.84

Gopal Snacks Quarterly Data
Mar21 Mar22 Sep22 Mar23 Sep23
Long-Term Capital Lease Obligation 16.63 13.69 - 8.84 -

Gopal Snacks  (BOM:544140) 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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Gopal Snacks (BOM:544140) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gopal Snacks Ltd (BOM:544140) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
Traded in Other Exchanges
GOPAL:India
Address
Plot Nos. G2322, G2323 and G2324, GIDC Metoda, Taluka Lodhika, Rajkot, GJ, IND, 360021
Website
https://www.gopalnamkeen.com
Gopal Snacks Ltd is a fastmoving consumer goods company in India It offer a wide variety of savoury products under brand 'Gopal', including ethnic snacks such as namkeen and gathiya, western snacks such as wafers, extruded snacks and snack pellets, along with fast-moving consumer goods that include papad, spices, gram flour or besan, noodles, rusk and soan papdi.

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