Roadzen (Roadzen) Long-Term Capital Lease Obligation : $0.25 Mil (As of Dec. 2023)

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What is Roadzen Long-Term Capital Lease Obligation?

Roadzen's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.25 Mil.

Roadzen's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.36 Mil) to Sep. 2023 ($0.27 Mil) and declined from Sep. 2023 ($0.27 Mil) to Dec. 2023 ($0.25 Mil).

Roadzen's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2021 ($0.00 Mil) to Mar. 2022 ($0.00 Mil) but then increased from Mar. 2022 ($0.00 Mil) to Mar. 2023 ($0.36 Mil).

Roadzen Long-Term Capital Lease Obligation Historical Data

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

Roadzen Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

0.36

Roadzen Quarterly Data
	Mar21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	0.36	0.27	0.25

Roadzen (NAS:RDZN) 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.

Roadzen Long-Term Capital Lease Obligation Related Terms

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Roadzen (Roadzen) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Roadzen Inc (NAS:RDZN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Cogency Global Inc, 850 New Burton Road, Suite 201, Dover, DE, USA, 19904

Website

https://www.roadzen.io

Roadzen Inc is an insurance technology company on a mission to transform global auto insurance powered by advanced AI. Its clients comprise major insurers, fleets, and carmakers to small fleets, brokers, and insurance agents that use Roadzen's technology to build new products, sell insurance, process claims, and improve road safety. Roadzen's work in telematics and computer vision has earned recognition as an AI innovator by publications such as Forbes, Fortune, and Financial Express.

Roadzen (Roadzen) Headlines

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