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Globesecure Technologies (NSE:GSTL) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Sep. 2023)


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What is Globesecure Technologies Long-Term Capital Lease Obligation?

Globesecure Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil.


Globesecure Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Globesecure Technologies'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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Globesecure Technologies Long-Term Capital Lease Obligation Chart

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Globesecure Technologies Semi-Annual Data
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Globesecure Technologies  (NSE:GSTL) 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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Globesecure Technologies (NSE:GSTL) Business Description

Industry
Traded in Other Exchanges
N/A
Address
B-614, 215 Atrium, Kanakia Spacs, Near Courtyard Marriott Hotel, Andheri (East), Mumbai, MH, IND, 400069
Globesecure Technologies Ltd is a digital transformation company in India that offers cyber security services. The company's business line is classified into three divisions namely Cyber Security, Integrated Enterprise Solutions, and Managed Services including cyber forensics, cyber security, data security services, protection of computer networks, Email security, server consolidation and transformation, hosting, infrastructure-as-a-service, cloud-based big data and analytics solution, application modernization and others. The company generates its revenue from Sales of IT and IT-enabled services.

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