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Five-Star Business Finance (BOM:543663) Long-Term Capital Lease Obligation : ₹0 Mil (As of Mar. 2024)


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What is Five-Star Business Finance Long-Term Capital Lease Obligation?

Five-Star Business Finance's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil.


Five-Star Business Finance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Five-Star Business Finance'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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Five-Star Business Finance Long-Term Capital Lease Obligation Chart

Five-Star Business Finance Annual Data
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Five-Star Business Finance Quarterly Data
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Five-Star Business Finance  (BOM:543663) 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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Five-Star Business Finance (BOM:543663) Business Description

Traded in Other Exchanges
Address
New No. 27, Old No. 4, Taylor's Road, Kilpauk, Chennai, TN, IND, 600 010
Five-Star Business Finance Ltd provides secured loans to micro-entrepreneurs and self-employed individuals for business purposes, as well as for asset creation such as home renovation or improvement, or for meeting expenses for significant economic events such as marriage, healthcare and education.

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