Aspire and Innovative Advertising (NSE:ASPIRE) Long-Term Capital Lease Obligation : ₹0 Mil (As of Sep. 2023)

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What is Aspire and Innovative Advertising Long-Term Capital Lease Obligation?

Aspire and Innovative Advertising's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0 Mil.

Aspire and Innovative Advertising Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aspire and Innovative Advertising'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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Aspire and Innovative Advertising Long-Term Capital Lease Obligation Chart

Aspire and Innovative Advertising Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

Aspire and Innovative Advertising Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Long-Term Capital Lease Obligation	-	-	-	-

Aspire and Innovative Advertising (NSE:ASPIRE) 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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Aspire and Innovative Advertising Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aspire and Innovative Advertising Ltd (NSE:ASPIRE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Plot No. 52, Sector-44, Soulstice Building, Second Floor, Gurugram, HR, IND, 122003

Website

https://www.aspireinnovate.in

Aspire and Innovative Advertising Ltd is engaged in the business of trading range of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and its accessories, solar products etc. of multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells and many more. It provide one platform that bring multiple brands under one umbrella. It is an end-to-end solution company to help partners in Last Mile Delivery Services & Product Distribution and provide technical, operational, financial & after-sales services in the narrowest corner of India.

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