Ascom Leasing & Investments (NSE:ASCOM) Long-Term Capital Lease Obligation : ₹0.0 Mil (As of Mar. 2023)

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What is Ascom Leasing & Investments Long-Term Capital Lease Obligation?

Ascom Leasing & Investments's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0.0 Mil.

Ascom Leasing & Investments Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ascom Leasing & Investments'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.
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Ascom Leasing & Investments Long-Term Capital Lease Obligation Chart

Ascom Leasing & Investments Annual Data

Trend

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Long-Term Capital Lease Obligation

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Ascom Leasing & Investments Semi-Annual Data
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Ascom Leasing & Investments (NSE:ASCOM) 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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Ascom Leasing & Investments (NSE:ASCOM) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ascom Leasing & Investments Ltd (NSE:ASCOM) » Definitions » Long-Term Capital Lease Obligation

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Address

Aditya Group 331-336, VIP Road Vesu, 3rd Floor, Four Point Complex, Besides Manibha Park, Surat, GJ, IND, 395007

Website

https://www.ascomfinance.com

Ascom Leasing & Investments Ltd is a non-banking finance company engaged in the business of finance and lending. The company provides term loans, mortgage financing, personal loans, Gold loans, and Projected loans.

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