Persistent Systems (NSE:PERSISTENT) Long-Term Capital Lease Obligation : ₹1,608 Mil (As of Mar. 2024)

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What is Persistent Systems Long-Term Capital Lease Obligation?

Persistent Systems's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,608 Mil.

Persistent Systems's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₹1,627 Mil) to Dec. 2023 (₹0 Mil) but then increased from Dec. 2023 (₹0 Mil) to Mar. 2024 (₹1,608 Mil).

Persistent Systems's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹1,114 Mil) to Mar. 2023 (₹1,592 Mil) and increased from Mar. 2023 (₹1,592 Mil) to Mar. 2024 (₹1,608 Mil).

Persistent Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Persistent Systems'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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Persistent Systems Long-Term Capital Lease Obligation Chart

Persistent Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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353.36

716.17

1,114.29

1,592.20

1,608.09

Persistent Systems 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															1,592.20	1,531.91	1,627.03	-	1,608.09

Persistent Systems (NSE:PERSISTENT) 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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Persistent Systems (NSE:PERSISTENT) Business Description

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533179:India

Address

402 Senapati Bapat Road, Bhageerath, Pune, MH, IND, 411 016

Website

https://www.persistent.com

Persistent Systems Ltd is an India-based provider of software solution organized in three segments based on end market: Software, Hi-Tech and Emerging Industries; Banking, Financial Services and Insurance; and Healthcare and Life Sciences. Its solutions include cloud life cycle management, Internet of Things, unified endpoint management, endpoint detection and response, and Big Data analytics. The firm also offers product engineering services, platform-based cloud solutions, and Internet Protocol-based products. Most of the firm's revenue gets derived from the Software, Hi-Tech and Emerging Industries segment.

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