Geojit Financial Services (NSE:GEOJITFSL) Long-Term Capital Lease Obligation : ₹474 Mil (As of Mar. 2024)

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What is Geojit Financial Services Long-Term Capital Lease Obligation?

Geojit Financial Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹474 Mil.

Geojit Financial Services's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹383 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹474 Mil).

Geojit Financial Services's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹220 Mil) to Mar. 2023 (₹268 Mil) and increased from Mar. 2023 (₹268 Mil) to Mar. 2024 (₹474 Mil).

Geojit Financial Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Geojit Financial Services'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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Geojit Financial Services Long-Term Capital Lease Obligation Chart

Geojit Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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161.71

143.34

220.38

268.29

474.37

Geojit Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	268.29	382.54	-	474.37

Geojit Financial Services (NSE:GEOJITFSL) 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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Geojit Financial Services (NSE:GEOJITFSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Geojit Financial Services Ltd (NSE:GEOJITFSL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

532285:India

Address

34/659-P, Civil Line Road, 11th Floor, Padivattom, Kochi, KL, IND, 682024

Website

https://www.geojit.com

Geojit Financial Services Ltd is an investment services company. The company's operating segment includes Financial Services and Software services. Financial services segment consists of brokerage services, depository services, financial products distribution services, portfolio management services, and other allied activities. The Software services segment consists of income from the development and maintenance of software. It generates maximum revenue from the Financial Services segment. The geographical segments of the group are India and other countries.

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