Wipro (WIT) Long-Term Capital Lease Obligation : $178 Mil (As of Sep. 2023)

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What is Wipro Long-Term Capital Lease Obligation?

Wipro's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $178 Mil.

Wipro's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($194 Mil) to Jun. 2023 ($196 Mil) but then declined from Jun. 2023 ($196 Mil) to Sep. 2023 ($178 Mil).

Wipro's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($186 Mil) to Mar. 2022 ($199 Mil) but then declined from Mar. 2022 ($199 Mil) to Mar. 2023 ($194 Mil).

Wipro Long-Term Capital Lease Obligation Historical Data

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

Wipro Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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169.53

185.57

199.20

193.92

Wipro Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															192.70	188.18	193.92	195.55	178.12

Wipro (NYSE:WIT) 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.

Wipro Long-Term Capital Lease Obligation Related Terms

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Wipro (WIT) Business Description

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WIPRO:India 507685:India WIOA:Germany WIOA:Germany WIOA:Austria

Address

Sarjapur Road, Doddakannelli, Bangalore, KA, IND, 560 035

Website

https://www.wipro.com

Wipro is a leading global IT services provider, with 175,000 employees. Based in Bengaluru, this India IT services firm leverages its offshore outsourcing model to derive over half of its revenue (57%) from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service.