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PMC Fincorp (BOM:534060) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2024)


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What is PMC Fincorp Long-Term Capital Lease Obligation?

PMC Fincorp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.


PMC Fincorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for PMC Fincorp'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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PMC Fincorp Long-Term Capital Lease Obligation Chart

PMC Fincorp Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
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PMC Fincorp Quarterly Data
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PMC Fincorp  (BOM:534060) 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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PMC Fincorp (BOM:534060) Business Description

Traded in Other Exchanges
N/A
Address
201 & 202 Second Floor Rattan Jyoti Building, 18, Rajendra Place, New Delhi, IND, 110008
PMC Fincorp Ltd is a non-banking finance company. It is engaged in financing business, trading in the shares, and investment activities. It offers Corporate and Personal Finance, Debt Syndication, Private Placement, Arranger, Distribution and Marketing of Financial Products, and Dealing and Investment in the Stock Market. The company generates the majority of its revenue from Interest Income.

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