Zoomcar Holdings (Zoomcar Holdings) Long-Term Capital Lease Obligation : $4.83 Mil (As of Dec. 2023)

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What is Zoomcar Holdings Long-Term Capital Lease Obligation?

Zoomcar Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.83 Mil.

Zoomcar Holdings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($6.38 Mil) to Jun. 2023 ($5.89 Mil) and declined from Jun. 2023 ($5.89 Mil) to Dec. 2023 ($4.83 Mil).

Zoomcar Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($9.11 Mil) to Mar. 2022 ($7.94 Mil) and declined from Mar. 2022 ($7.94 Mil) to Mar. 2023 ($6.38 Mil).

Zoomcar Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zoomcar Holdings'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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Zoomcar Holdings Long-Term Capital Lease Obligation Chart

Zoomcar Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

9.11

7.94

6.38

Zoomcar Holdings Quarterly Data
	Mar21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	7.33	6.38	5.89	4.83

Zoomcar Holdings (NAS:ZCAR) 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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Zoomcar Holdings (Zoomcar Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zoomcar Holdings Inc (NAS:ZCAR) » Definitions » Long-Term Capital Lease Obligation

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EO3:Germany

Address

HAL Old Airport Road, No.147, 1st Floor, ISRO Colony, Anjaneya Techno Park, Kodihalli, Bangalore, KA, IND, 560008

Website

https://www.zoomcar.com

Zoomcar Holdings Inc is India's largest marketplace for cars on rent. Zoomcar is a leading emerging-market-focused peer-to-peer car-sharing marketplace, with approximately 21,000 vehicles registered through its platform. The Company derives its revenue principally from short-term self-drive rentals and vehicle subscriptions. The self-drive rental business generates the majority of revenue. Geographically The company operates in India, Egypt, Indonesia, Vietnam, and the Philippines, Out of which the majority of revenue is derived from India.