Virtualsoft Systems (BOM:531126) Long-Term Capital Lease Obligation : ₹0.00 Mil (As of Jun. 2024)

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What is Virtualsoft Systems Long-Term Capital Lease Obligation?

Virtualsoft Systems's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0.00 Mil.

Virtualsoft Systems Long-Term Capital Lease Obligation Historical Data

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

Virtualsoft Systems Annual Data

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Long-Term Capital Lease Obligation

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2.29

Virtualsoft Systems Quarterly Data
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Virtualsoft Systems (BOM:531126) 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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Virtualsoft Systems Business Description

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Address

59, Okhla Industrial Estate, Phase-III, New Delhi, IND, 110020

Website

http://www.virtsoft.com

Virtualsoft Systems Ltd is an Indian firm engaged in roaming, communications, and collaboration platforms, apps, and solutions to provide consumers and enterprises with communication services. The firm offers Pioneering Broadband, Virtual Event, and Providing Mobile Roaming Services and Solutions. It operates only in the Indian market. Its product line consists of Vreach, V code. Substantial revenue is generated from sales within India.

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