VL E-Governance & IT Solutions (BOM:543958) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)

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What is VL E-Governance & IT Solutions Long-Term Capital Lease Obligation?

VL E-Governance & IT Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.

VL E-Governance & IT Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for VL E-Governance & IT Solutions'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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VL E-Governance & IT Solutions Long-Term Capital Lease Obligation Chart

VL E-Governance & IT Solutions Annual Data

Trend

Mar23

Mar24

Long-Term Capital Lease Obligation

VL E-Governance & IT Solutions Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
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VL E-Governance & IT Solutions (BOM:543958) 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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VL E-Governance & IT Solutions (BOM:543958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » VL E-Governance & IT Solutions Ltd (BOM:543958) » Definitions » Long-Term Capital Lease Obligation

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VLEGOV:India

Address

Road No. 16, Plot No. 93, Vakrangee Corporate House, M.I.D.C Marol, Andheri East, Mumbai, MH, IND, 400093

Website

VL E Governance and IT Solutions Pvt Ltd is engaged in providing last-mile delivery services of parcels on behalf of e-commerce entities and courier booking services. The Company serves in Local, State and National markets only and hence there are no exports.

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