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Upsurge Investment & Finance (BOM:531390) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)


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What is Upsurge Investment & Finance Long-Term Capital Lease Obligation?

Upsurge Investment & Finance's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.


Upsurge Investment & Finance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Upsurge Investment & Finance'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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Upsurge Investment & Finance Long-Term Capital Lease Obligation Chart

Upsurge Investment & Finance Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
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Upsurge Investment & Finance Quarterly Data
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Upsurge Investment & Finance  (BOM:531390) 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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Upsurge Investment & Finance (BOM:531390) Business Description

Traded in Other Exchanges
N/A
Address
Off New Link Road, Behind Crystal Plaza, Office No. 303, Morya Landmark-I, Andheri (West), Mumbai, MH, IND, 400053
Upsurge Investment & Finance Ltd is a non-banking finance company. It is mainly engaged in the business of investment and finance. In addition, the company is actively investing in primary and secondary markets. The company operates mainly in the business segment of fund based financing activity. It provides a wide range of services including corporate finance, gold loans, real estate mortgage finance, and loans against shares and securities.

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