IT Consultants (DHA:ITC) Long-Term Capital Lease Obligation : BDT0.00 Mil (As of . 20)

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What is IT Consultants Long-Term Capital Lease Obligation?

IT Consultants's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was BDT0.00 Mil.

IT Consultants Long-Term Capital Lease Obligation Historical Data

The historical data trend for IT Consultants'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.
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IT Consultants Long-Term Capital Lease Obligation Chart

IT Consultants Annual Data

Trend

Long-Term Capital Lease Obligation

IT Consultants Semi-Annual Data

Long-Term Capital Lease Obligation

IT Consultants (DHA:ITC) 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.

IT Consultants Long-Term Capital Lease Obligation Related Terms

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IT Consultants Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IT Consultants PLC (DHA:ITC) » Definitions » Long-Term Capital Lease Obligation

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Address

Evergreen Plaza, 260/B, Tejgaon I/A, 3rd Floor, Dhaka, BGD, 1208

Website

https://www.itcbd.com

Information Technology Consultants Ltd is engaged in electronic payment and transaction processing system. The business of the Company includes online Switching Solution, Software Development and Service Provider of Q-Cash member banks shared ATM network. The company is committed to being the leader as Smart Card Solutions Provider in the Banking sector as well as the Automated Transaction Processing Industry in Bangladesh.