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ITCONS E-Solutions (BOM:543806) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Sep. 2023)


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What is ITCONS E-Solutions Long-Term Capital Lease Obligation?

ITCONS E-Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil.


ITCONS E-Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for ITCONS E-Solutions'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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ITCONS E-Solutions Long-Term Capital Lease Obligation Chart

ITCONS E-Solutions Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
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ITCONS E-Solutions Semi-Annual Data
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ITCONS E-Solutions  (BOM:543806) 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.

ITCONS E-Solutions Long-Term Capital Lease Obligation Related Terms

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ITCONS E-Solutions (BOM:543806) Business Description

Traded in Other Exchanges
N/A
Address
Jamna Lal Bajaj Marg, 3rd Floor, B-10, Bajaj Bhawan, Sector-3, Noida, UP, IND, 201301
ITCONS E-Solutions Ltd is engaged in the business of providing human resource services to both public and private organizations mostly in the organized sector in diverse roles and responsibilities. The company's services include Manpower Supply & Recruitment Services; and Manpower Sourcing & Staffing Services. The Manpower Supply Services account for a majority of its revenues, and Manpower Souring Services contribute to the rest of its revenues.

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