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G Tec Jainx Education (NSE:GTECJAINX) Long-Term Capital Lease Obligation : ₹0.00 Mil (As of Sep. 2023)


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What is G Tec Jainx Education Long-Term Capital Lease Obligation?

G Tec Jainx Education's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.00 Mil.


G Tec Jainx Education Long-Term Capital Lease Obligation Historical Data

The historical data trend for G Tec Jainx Education'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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G Tec Jainx Education Long-Term Capital Lease Obligation Chart

G Tec Jainx Education Annual Data
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G Tec Jainx Education Quarterly Data
Sep17 Mar18 Sep18 Mar19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23
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G Tec Jainx Education  (NSE:GTECJAINX) 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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G Tec Jainx Education (NSE:GTECJAINX) Business Description

Traded in Other Exchanges
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Address
Pinnacle Corporate Park, Bandra Kurla Complex, Unit No. 12/A, Ninth Floor, A?Wing, Bandra East, Mumbai, MH, IND, 400051
G Tec Jainx Education Ltd Formerly Keerti Knowledge and Skills Ltd operates as an Information Technology training institute. The company's services include basic computer knowledge, internet, surfing, computer courses like Microsoft Office, accounting and financial management, inventory management, also various Programming Languages such as C++, .Net, Java, and Oracle, among others.

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