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Rashi Peripherals (NSE:RPTECH) Long-Term Capital Lease Obligation : ₹100 Mil (As of Sep. 2023)


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What is Rashi Peripherals Long-Term Capital Lease Obligation?

Rashi Peripherals's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹100 Mil.

Rashi Peripherals's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (₹0 Mil) to Mar. 2023 (₹116 Mil) but then declined from Mar. 2023 (₹116 Mil) to Sep. 2023 (₹100 Mil).

Rashi Peripherals's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₹5 Mil) to Mar. 2022 (₹21 Mil) and increased from Mar. 2022 (₹21 Mil) to Mar. 2023 (₹116 Mil).

Rashi Peripherals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rashi Peripherals'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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Rashi Peripherals Long-Term Capital Lease Obligation Chart

Rashi Peripherals Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
8.44 5.18 21.47 115.72

Rashi Peripherals Quarterly Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 5.18 21.47 - 115.72 99.67

Rashi Peripherals  (NSE:RPTECH) 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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Rashi Peripherals (NSE:RPTECH) Business Description

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Rashi Peripherals Ltd is a distributor of information and communications technology ("ICT") products. It operates two business verticals: Personal Computing, Enterprise and Cloud Solutions ("PES"): Under this vertical it distributes personal computing devices, enterprise solutions, embedded designs/ products and cloud computing, and Lifestyle and IT essentials ("LIT"): This includes the distribution of products such as (i) components that include graphic cards, central processing units ("CPUs") and motherboards; (ii) storage and memory devices, etc. It operates in a single operating segment namely, computer systems, software and peripherals, mobiles, and cloud services.

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