PB Fintech (BOM:543390) Long-Term Capital Lease Obligation : ₹2,141 Mil (As of Mar. 2024)

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What is PB Fintech Long-Term Capital Lease Obligation?

PB Fintech's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,141 Mil.

PB Fintech's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹2,276 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹2,141 Mil).

PB Fintech's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹1,415 Mil) to Mar. 2023 (₹1,938 Mil) and increased from Mar. 2023 (₹1,938 Mil) to Mar. 2024 (₹2,141 Mil).

PB Fintech Long-Term Capital Lease Obligation Historical Data

The historical data trend for PB Fintech'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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PB Fintech Long-Term Capital Lease Obligation Chart

PB Fintech Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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934.86

958.28

1,414.95

1,937.54

2,140.80

PB Fintech Quarterly Data
	Mar19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												1,937.54	-	2,276.00	-	2,140.80

PB Fintech (BOM:543390) 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.

PB Fintech Long-Term Capital Lease Obligation Related Terms

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PB Fintech (BOM:543390) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PB Fintech Ltd (BOM:543390) » Definitions » Long-Term Capital Lease Obligation

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POLICYBZR:India

Address

Plot No. 119, Sector 44, Gurgaon, HR, IND, 122 001

Website

https://www.pbfintech.in

PB Fintech Ltd is an online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage. The group earns its entire revenue within India only. The company has two operating segments Insurance services segment and the Other services segment. The company generates the majority of its revenue from the Other services segment, which consists of online marketing, consulting and support services provided largely to the financial service industry. The Insurance services segment consists of Insurance Broker services provided by the Group.

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