HCL Technologies (NSE:HCLTECH) Long-Term Capital Lease Obligation : ₹23,390 Mil (As of Mar. 2024)

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What is HCL Technologies Long-Term Capital Lease Obligation?

HCL Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹23,390 Mil.

HCL Technologies's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹18,770 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹23,390 Mil).

HCL Technologies's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹16,590 Mil) to Mar. 2023 (₹16,640 Mil) and increased from Mar. 2023 (₹16,640 Mil) to Mar. 2024 (₹23,390 Mil).

HCL Technologies Long-Term Capital Lease Obligation Historical Data

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

HCL Technologies Annual Data

Trend

Jun14

Jun15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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21,790.00

19,030.00

16,590.00

16,640.00

23,390.00

HCL Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16,640.00	-	18,770.00	-	23,390.00

HCL Technologies (NSE:HCLTECH) 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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HCL Technologies (NSE:HCLTECH) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » HCL Technologies Ltd (NSE:HCLTECH) » Definitions » Long-Term Capital Lease Obligation

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532281:India

Address

Technology Hub, Special Economic Zone, Plot No. 3A, Sector 126, Noida, UP, IND, 201 304

Website

https://www.hcltech.com

HCL Technologies Ltd provides enterprises with IT solutions in India. It focuses on offering Digital, Internet of Things Services, Cloud, Automation, Cybersecurity, Infrastructure Management, and Engineering Services to solve business problems for clients. While the company is based in India, it has international clients in a large number of countries. It offers solutions to a variety of industries including Financial Services, Public Services, Consumer Services, Healthcare, and Manufacturing. It operates in three segments IT and Business Services, Engineering and R&D Services, and Products and Platforms. The firm emphasizes consultation services for firms, with the goal to offer them digital and design solutions. Most of the firm's revenue comes from IT and Business Services segment.

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