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GlobalSpace Technologies (BOM:540654) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)


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What is GlobalSpace Technologies Long-Term Capital Lease Obligation?

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


GlobalSpace Technologies Long-Term Capital Lease Obligation Historical Data

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

GlobalSpace Technologies Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
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GlobalSpace Technologies Quarterly Data
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GlobalSpace Technologies  (BOM:540654) 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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GlobalSpace Technologies (BOM:540654) Business Description

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Office No. 605, A-1, B-Wing, Rupa Solitaire Building, 6th Floor, Sec-1, Millennium Business Park, MIDC, Mahape, Navi Mumbai, MH, IND, 400710
GlobalSpace Technologies Ltd is a software product company and an enterprise mobility solutions provider. The company provides technology-enabled business enhancement solutions. It serves pharma; BSFI; Education and other enterprises, Mobiles development, Website development, ERP software development, etc. The company generates revenue from the sale of products including accessories, Software, Professional fees, and others.

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