Tanla Platforms (BOM:532790) Long-Term Capital Lease Obligation : ₹597 Mil (As of Sep. 2024)

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What is Tanla Platforms Long-Term Capital Lease Obligation?

Tanla Platforms's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹597 Mil.

Tanla Platforms's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (₹590 Mil) to Jun. 2024 (₹0 Mil) but then increased from Jun. 2024 (₹0 Mil) to Sep. 2024 (₹597 Mil).

Tanla Platforms's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹447 Mil) to Mar. 2023 (₹732 Mil) but then declined from Mar. 2023 (₹732 Mil) to Mar. 2024 (₹590 Mil).

Tanla Platforms Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tanla Platforms'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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Tanla Platforms Long-Term Capital Lease Obligation Chart

Tanla Platforms Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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43.49

34.87

446.78

731.78

590.22

Tanla Platforms Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															628.03	-	590.22	-	597.38

Tanla Platforms (BOM:532790) 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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Tanla Platforms Business Description

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TANLA:India

Address

Hitech City Road, Tanla Technology Centre, Madhapur, Hyderabad, TG, IND, 500081

Website

https://www.tanla.com

Tanla Platforms Ltd is engaged in the provision of Cloud Communications for People and Things, Messaging, Voice, and IOT services. Its only operating segment being the CPaaS service provider. Geographically, it derives a majority of its revenue from India.

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