Prajay Engineers Syndicate (NSE:PRAENG) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Dec. 2024)

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What is Prajay Engineers Syndicate Long-Term Capital Lease Obligation?

Prajay Engineers Syndicate's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₹0.0 Mil.

Prajay Engineers Syndicate Long-Term Capital Lease Obligation Historical Data

The historical data trend for Prajay Engineers Syndicate'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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Prajay Engineers Syndicate Long-Term Capital Lease Obligation Chart

Prajay Engineers Syndicate Annual Data

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Long-Term Capital Lease Obligation

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Prajay Engineers Syndicate Quarterly Data
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Prajay Engineers Syndicate (NSE:PRAENG) 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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Prajay Engineers Syndicate Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Prajay Engineers Syndicate Ltd (NSE:PRAENG) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

531746:India

Address

Prajay Corporate House, 1-10-63 and 64, 5th Floor, Chikoti Gardens, Begumpet, Hyderabad, TG, IND, 500016

Website

https://www.prajayengineers.com

Prajay Engineers Syndicate Ltd is a real estate company. Its operating segment includes the Real estate segment and Hospitality Hotels and Resorts. It generates maximum revenue from the Real estate segment which is into development, sale, management, and operation of all or any part of townships, housing projects as well as leasing of self-owned commercial premises. The hotels and resorts segment (HR) is involved in the upkeep and maintenance of hotels, restaurants, and resorts. Geographically, it operates only in India.

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