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Quicktouch Technologies (NSE:QUICKTOUCH) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2023)


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What is Quicktouch Technologies Long-Term Capital Lease Obligation?

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


Quicktouch Technologies Long-Term Capital Lease Obligation Historical Data

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

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Quicktouch Technologies  (NSE:QUICKTOUCH) 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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Quicktouch Technologies (NSE:QUICKTOUCH) Business Description

Traded in Other Exchanges
N/A
Address
Netaji Subhash Place, Office No. 203, 2nd Floor, D-Mall, Pitampura, Delhi, IND, 110034
Quicktouch Technologies Ltd is an information technology company. The company is in the business of Software IT solutions and Consulting Services, IT Product/Software Development and Software Commercial Training, and Web designing. The company offers Experience Designing, Software Engineering, Content Engineering, Digital Accelerators, Data & Analytics, Data Management & Cloud Adoption.

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