Mphasis (BOM:526299) Long-Term Capital Lease Obligation : ₹6,750 Mil (As of Mar. 2024)

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What is Mphasis Long-Term Capital Lease Obligation?

Mphasis's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹6,750 Mil.

Mphasis's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹7,532 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹6,750 Mil).

Mphasis's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹5,840 Mil) to Mar. 2023 (₹6,816 Mil) but then declined from Mar. 2023 (₹6,816 Mil) to Mar. 2024 (₹6,750 Mil).

Mphasis Long-Term Capital Lease Obligation Historical Data

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

Mphasis Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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5,844.40

5,370.38

5,840.48

6,815.82

6,750.16

Mphasis Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															6,815.82	-	7,532.30	-	6,750.16

Mphasis (BOM:526299) 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.

Mphasis Long-Term Capital Lease Obligation Related Terms

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Mphasis (BOM:526299) Business Description

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MPHASIS:India

Address

Marathalli Outer Ring Road, Bagmane World Technology Center, Doddanakhundi Village, Mahadevapura, Bengaluru, KA, IND, 560 048

Website

https://www.mphasis.com

Mphasis Ltd is an IT solutions provider which offers application development and integration, business process outsourcing, and infrastructure services such as architecture guidance. The company was formed after the merger of the U.S.-based IT consulting company Mphasis and the Indian IT services company BFL Software. Mphasis serves clients in the financial services, healthcare, telecom, retail, logistics, and technology industries. Mphasis has more than 30 offices globally, with delivery centers in India, Sri Lanka, China, Australia, Japan, North America, and Europe. The company operates through four primary segments: banking and financial services, insurance, technology media and telecom, logistics and transportation, and others.

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