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Party Cruisers (NSE:PARTYCRUS) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)


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What is Party Cruisers Long-Term Capital Lease Obligation?

Party Cruisers's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.


Party Cruisers Long-Term Capital Lease Obligation Historical Data

The historical data trend for Party Cruisers'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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Party Cruisers Long-Term Capital Lease Obligation Chart

Party Cruisers Annual Data
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Long-Term Capital Lease Obligation
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Party Cruisers Semi-Annual Data
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Party Cruisers  (NSE:PARTYCRUS) 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.

Party Cruisers Long-Term Capital Lease Obligation Related Terms

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Party Cruisers Business Description

Traded in Other Exchanges
N/A
Address
303/304/305 Simran Plaza, Khar 4th Road, Near Hotel Regal Enclave, Khar (West), Mumbai, MH, IND, 400 052
Party Cruisers Ltd specializes in Wedding Management and Events Management Business. The Wedding management services range from pre-wedding, during the wedding and post-wedding events like in-house designing, designation wedding event decor and others; The Event services range from planning and marketing to production and decor and others.

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