NIRLQ (Near Intelligence) Long-Term Capital Lease Obligation : $2.80 Mil (As of Jun. 2023)

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What is Near Intelligence Long-Term Capital Lease Obligation?

Near Intelligence's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $2.80 Mil.

Near Intelligence's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($1.68 Mil) to Mar. 2023 ($3.07 Mil) but then declined from Mar. 2023 ($3.07 Mil) to Jun. 2023 ($2.80 Mil).

Near Intelligence's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2020 ($1.32 Mil) and increased from Dec. 2020 ($1.32 Mil) to Dec. 2021 ($2.22 Mil).

Near Intelligence Long-Term Capital Lease Obligation Historical Data

The historical data trend for Near Intelligence'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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Near Intelligence Long-Term Capital Lease Obligation Chart

Near Intelligence Annual Data

Trend

Dec20

Dec21

Long-Term Capital Lease Obligation

1.32

2.22

Near Intelligence Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	1.86	1.68	3.07	2.80

Near Intelligence (OTCPK:NIRLQ) 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.

Near Intelligence Long-Term Capital Lease Obligation Related Terms

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Near Intelligence Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Near Intelligence Inc (OTCPK:NIRLQ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 W Walnut Street, 4th Floor, Pasadena, CA, USA

Website

https://www.near.com

Near Intelligence Inc is a global, full stack data intelligence software as a service platform that stitches and enriches data on people and places from which its customers can derive actionable intelligence of consumer behavior to help its customers make meaningful decisions.

Executives

Richard J Salute	director	P O BOX 306, WOODBURY NY 11797
Sherman Iii Edmiston	director	ONE CITYPLACE DRIVE, SUITE 300, ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141
Kathryn Petralia	director	TRICOLOR HOLDINGS, INC., 6021 CONNECTION DRIVE, 4TH FLOOR, IRVING TX 75039
Mark N Greene	director	901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402
Um Legacy Llc	10 percent owner	130 WEST UNION STREET, PASADENA CA 91103
Jpmorgan Chase & Co	10 percent owner	383 MADISON AVENUE, NEW YORK NY 10017
Cecil Capital Pte. Ltd.	10 percent owner	160 ROBINSON ROAD, #20-03, SINGAPORE U0 068914
Shobhit Shukla	officer: President	1096 KEELER AVENUE, BERKELEY CA 94708
Gladys Kong	officer: COO and Secretary	1096 KEELER AVENUE, BERKELEY CA 94708
Rahul Agarwal	officer: Chief Financial Officer	1096 KEELER AVENUE, BERKELEY CA 94708
Anil Mathews	director, officer: CEO and Chairman	1096 KEELER AVENUE, BERKELEY CA 94708
Jay Angelo	officer: General Counsel	1096 KEELER AVENUE, BERKELEY CA 94708
Sequoia Capital India Iii Ltd.	10 percent owner	2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Ronald Steger	director	13710 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Blake Ross	10 percent owner	1887 WHITNEY MESA DRIVE, #2070, HENDERSON NV 89014