Perfect Moment (Perfect Moment) Long-Term Capital Lease Obligation : $0.01 Mil (As of Mar. 2023)

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What is Perfect Moment Long-Term Capital Lease Obligation?

Perfect Moment's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.01 Mil.

Perfect Moment's quarterly Long-Term Capital Lease Obligation increased from Mar. 2021 ($0.02 Mil) to Mar. 2022 ($0.04 Mil) but then declined from Mar. 2022 ($0.04 Mil) to Mar. 2023 ($0.01 Mil).

Perfect Moment's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($0.02 Mil) to Mar. 2022 ($0.04 Mil) but then declined from Mar. 2022 ($0.04 Mil) to Mar. 2023 ($0.01 Mil).

Perfect Moment Long-Term Capital Lease Obligation Historical Data

The historical data trend for Perfect Moment'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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Perfect Moment Long-Term Capital Lease Obligation Chart

Perfect Moment Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

0.02

0.04

0.01

Perfect Moment Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Long-Term Capital Lease Obligation	-	0.02	0.04	0.01

Perfect Moment (AMEX:PMNT) 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.

Perfect Moment Long-Term Capital Lease Obligation Related Terms

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Perfect Moment (Perfect Moment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Perfect Moment Ltd (AMEX:PMNT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

307 Canalot Studios, 222 Kensal Road, London, GBR, W10 5BN

Website

https://www.perfectmoment.com

Perfect Moment Ltd is a company which is a luxury lifestyle brand that combines fashion and technical performance for its ranges of skiwear, outerwear, swimwear and activewear. They operate at the intersection of luxury fashion and multi-channel commerce. Although the Company is organized fundamentally as one business segment which is product sales, the Company's revenues are primarily split between three geographic areas which are the US, Europe and the UK.

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