Ekennis Software Service (BOM:543475) Long-Term Capital Lease Obligation : ₹0.00 Mil (As of Sep. 2023)

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What is Ekennis Software Service Long-Term Capital Lease Obligation?

Ekennis Software Service's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.00 Mil.

Ekennis Software Service Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ekennis Software Service'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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Ekennis Software Service Long-Term Capital Lease Obligation Chart

Ekennis Software Service Annual Data

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Long-Term Capital Lease Obligation

Ekennis Software Service Semi-Annual Data
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Ekennis Software Service (BOM:543475) 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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Ekennis Software Service (BOM:543475) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Ekennis Software Service Ltd (BOM:543475) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 1&2 Second Floor, Neeladri Circle, Electronic City Phase-1, Dodathogur Village, Bangalore, KA, IND, 560100

Website

https://www.ekennis.com

Ekennis Software Service Ltd operates in the Information technology and Printing Industry. It is in the business of Software IT Solution and Consulting Services, IT Product / Software Development and Software Training, Enterprise Resource Planning solutions, Learning Management solutions, 3D Printing, Digital Printing and Packaging Design Management consultancy. The company generates majority of its revenue from Manpower Supply Services.

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