India Finsec (BOM:535667) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Dec. 2023)

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What is India Finsec Long-Term Capital Lease Obligation?

India Finsec's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil.

India Finsec's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (₹74.1 Mil) to Sep. 2023 (₹0.0 Mil) but then stayed the same from Sep. 2023 (₹0.0 Mil) to Dec. 2023 (₹0.0 Mil).

India Finsec's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹11.5 Mil) to Mar. 2022 (₹72.8 Mil) and increased from Mar. 2022 (₹72.8 Mil) to Mar. 2023 (₹74.1 Mil).

India Finsec Long-Term Capital Lease Obligation Historical Data

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

India Finsec Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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6.53

11.47

72.83

74.14

India Finsec Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	74.14	-	-

India Finsec (BOM:535667) 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.

India Finsec Long-Term Capital Lease Obligation Related Terms

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India Finsec (BOM:535667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » India Finsec Ltd (BOM:535667) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

D-16, Above ICICI Bank, 1st Floor, Prashant Vihar, Sector - 14, Rohini, New Delhi, IND, 110 085

Website

https://www.indiafinsec.com

India Finsec Ltd operates as a non-banking financial company. It offers inter-corporate deposits, advancing short-term loans, long-term loans, credits to individuals and companies. It also deals in stocks, shares, and securities. The company's segments include: Trading and securities and advancing of loans after considering the nature of products and services. The firm mainly derives revenue from Interest on loans.

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