RNFI Services (NSE:RNFI) Long-Term Capital Lease Obligation : ₹7 Mil (As of Sep. 2024)

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What is RNFI Services Long-Term Capital Lease Obligation?

RNFI Services's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹7 Mil.

RNFI Services's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹15 Mil) to Mar. 2024 (₹10 Mil) and declined from Mar. 2024 (₹10 Mil) to Sep. 2024 (₹7 Mil).

RNFI Services's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹2 Mil) to Mar. 2023 (₹3 Mil) and increased from Mar. 2023 (₹3 Mil) to Mar. 2024 (₹10 Mil).

RNFI Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for RNFI Services'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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RNFI Services Long-Term Capital Lease Obligation Chart

RNFI Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

4.11

1.53

3.03

9.93

RNFI Services Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			1.53	3.03	15.24	9.93	6.60

RNFI Services (NSE:RNFI) 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.

RNFI Services Long-Term Capital Lease Obligation Related Terms

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RNFI Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » RNFI Services Ltd (NSE:RNFI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

DLF Industrial Area, Plot No. 42, UG-5, Relipay House, Kirti Nagar, West Delhi, New Delhi, IND, 110015

Website

https://www.rnfiservices.com

RNFI Services Ltd is a tech-enabled platform offering financial technology solutions in the B2B and B2B2C financial technology arena through an integrated business model via online portal and mobile application, focusing on providing banking, digital, and Government to Citizen (G2C) services on PAN India basis. It segregates its business into three segments namely; Business correspondent services; Non-business correspondent services; and others. Key revenue is generated from the Non-business correspondent services.

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