IRIS Business Services (BOM:540735) Long-Term Capital Lease Obligation : ₹9 Mil (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is IRIS Business Services Long-Term Capital Lease Obligation?

IRIS Business Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹9 Mil.

IRIS Business Services's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹1 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹9 Mil).

IRIS Business Services's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹1 Mil) to Mar. 2023 (₹1 Mil) and increased from Mar. 2023 (₹1 Mil) to Mar. 2024 (₹9 Mil).

IRIS Business Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for IRIS Business Services'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.

* Premium members only.

IRIS Business Services Long-Term Capital Lease Obligation Chart

IRIS Business Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

3.54

1.36

0.51

1.24

8.58

IRIS Business Services Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.24	-	0.83	-	8.58

IRIS Business Services (BOM:540735) 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.

IRIS Business Services Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of IRIS Business Services's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

IRIS Business Services (BOM:540735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IRIS Business Services Ltd (BOM:540735) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

IRIS:India

Address

T-231, International Infortech Park, Tower 2, 3rd Floor, Vashi, Navi Mumbai, MH, IND, 400703

Website

https://www.irisbusiness.com

IRIS Business Services Ltd is a provider of software products for compliance, data, and analytics. It offers products such as IRIS CARBON, a cloud-based filing platform that helps companies and mutual funds to meet their enterprise reporting needs, IRIS FinX, an integrated consolidation application, which enables end-to-end financial reporting by extracting data from various source; IRIS Data Consumption Platform, a structured data repository to access financial and non-financial data of public and private companies and IRIS iDEAL, a regulation reporting application for banks and financial institutions. The group's segments are Collect, Create and Consume. Its geographic segments are Middle Eastern Countries, America (including Canada and South American countries), Europe, India, Others.

IRIS Business Services (BOM:540735) Headlines

No Headlines