KPIT Technologies (BOM:542651) Long-Term Capital Lease Obligation : ₹2,167 Mil (As of Mar. 2024)

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What is KPIT Technologies Long-Term Capital Lease Obligation?

KPIT Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,167 Mil.

KPIT Technologies's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹2,055 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹2,167 Mil).

KPIT Technologies's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹1,834 Mil) to Mar. 2023 (₹1,864 Mil) and increased from Mar. 2023 (₹1,864 Mil) to Mar. 2024 (₹2,167 Mil).

KPIT Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for KPIT Technologies'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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KPIT Technologies Long-Term Capital Lease Obligation Chart

KPIT Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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1,143.95

1,900.56

1,833.95

1,864.28

2,167.48

KPIT Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															1,864.28	-	2,054.93	-	2,167.48

KPIT Technologies (BOM:542651) 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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KPIT Technologies (BOM:542651) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » KPIT Technologies Ltd (BOM:542651) » Definitions » Long-Term Capital Lease Obligation

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KPITTECH:India

Address

Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka- Mulshi, Hinjawadi, Pune, MH, IND, 411057

Website

https://www.kpit.com

KPIT Technologies Ltd is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy, and Utilities companies. The Company derives revenues primarily from providing engineering services which includes design engineering services, embedded software development with its related services and from the sale of licenses and products. Geographically, it derives a majority of revenue from the Americas.

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