Onward Technologies (NSE:ONWARDTEC) Long-Term Capital Lease Obligation : ₹194 Mil (As of Mar. 2024)

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What is Onward Technologies Long-Term Capital Lease Obligation?

Onward Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹194 Mil.

Onward Technologies's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹66 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹194 Mil).

Onward Technologies's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₹109 Mil) to Mar. 2023 (₹73 Mil) but then increased from Mar. 2023 (₹73 Mil) to Mar. 2024 (₹194 Mil).

Onward Technologies Long-Term Capital Lease Obligation Historical Data

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

Onward Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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108.81

54.62

109.34

73.06

193.80

Onward 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															73.06	-	66.43	-	193.80

Onward Technologies (NSE:ONWARDTEC) 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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Onward Technologies (NSE:ONWARDTEC) Business Description

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

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517536:India

Address

Dr. Annie Besant Road, Sterling Centre, 2nd Floor, Worli, Mumbai, MH, IND, 400 018

Website

https://www.onwardgroup.com

Onward Technologies Ltd is an Indian company that is engaged in the sale of user license software, professional services, consultancy services, training, and others. Its business activities include product design, simulation engineering, automation solutions, engineering change management, and others. It has one operating segment which is Engineering Design and IT services. The majority of the company's revenue comes from India. It also operates outside India.

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