Route Mobile (BOM:543228) Long-Term Capital Lease Obligation : ₹195 Mil (As of Mar. 2024)

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What is Route Mobile Long-Term Capital Lease Obligation?

Route Mobile's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹195 Mil.

Route Mobile's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹243 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹195 Mil).

Route Mobile's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹123 Mil) to Mar. 2023 (₹269 Mil) but then declined from Mar. 2023 (₹269 Mil) to Mar. 2024 (₹195 Mil).

Route Mobile Long-Term Capital Lease Obligation Historical Data

The historical data trend for Route Mobile'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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Route Mobile Long-Term Capital Lease Obligation Chart

Route Mobile Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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56.24

111.70

123.00

269.10

195.30

Route Mobile Quarterly Data
	Mar18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	269.10	242.60	-	195.30

Route Mobile (BOM:543228) 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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Route Mobile (BOM:543228) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Route Mobile Ltd (BOM:543228) » Definitions » Long-Term Capital Lease Obligation

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ROUTE:India

Address

4th Dimension, 3rd Floor, Mind space, Malad (West), Mumbai, MH, IND, 400 064

Website

https://www.routemobile.com

Route Mobile Ltd is a Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). Its range of enterprise communication services includes smart solutions in Messaging, Voice, Email, SMS Filtering, Analytics, and Monetization. The company's products and services include Messaging; Operator; Voice; Email; Identity Solution; and Bespoke Solutions. Its geographical operations are spread across India, Dubai, United Kingdom and Nigeria.

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