ACE Software Exports (BOM:531525) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)

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What is ACE Software Exports Long-Term Capital Lease Obligation?

ACE Software Exports's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.

ACE Software Exports Long-Term Capital Lease Obligation Historical Data

The historical data trend for ACE Software Exports'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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ACE Software Exports Long-Term Capital Lease Obligation Chart

ACE Software Exports Annual Data

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Long-Term Capital Lease Obligation

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ACE Software Exports Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

ACE Software Exports (BOM:531525) 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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ACE Software Exports (BOM:531525) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » ACE Software Exports Ltd (BOM:531525) » Definitions » Long-Term Capital Lease Obligation

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Address

801 - Everest Commercial Complex, Opposite Shashtri Maidan, Rajkot, GJ, IND, 360001

Website

https://www.acesoftex.com

Ace Software Exports Ltd operates in the business of software database creation. It provides document management, digital publishing, and data conversion solutions using process engineering and cost-effective and flexible conversion systems. The firm operates under a single segment namely Computer Software and Services Exports. The company is engaged in the exports of computer software and service. The company's business relates to database creation pertaining to Information technology-enabled services, which include creating large volume full text, and image-based databases. The company derives the majority of its revenue from the sale of software.

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