Primech Holdings (Primech Holdings) Long-Term Capital Lease Obligation : $1.34 Mil (As of Sep. 2023)

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What is Primech Holdings Long-Term Capital Lease Obligation?

Primech Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.34 Mil.

Primech Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($0.86 Mil) to Mar. 2023 ($1.63 Mil) but then declined from Mar. 2023 ($1.63 Mil) to Sep. 2023 ($1.34 Mil).

Primech Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($1.01 Mil) to Mar. 2022 ($1.36 Mil) and increased from Mar. 2022 ($1.36 Mil) to Mar. 2023 ($1.63 Mil).

Primech Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Primech Holdings'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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Primech Holdings Long-Term Capital Lease Obligation Chart

Primech Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

0.71

1.01

1.36

1.63

Primech Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.91	1.36	0.86	1.63	1.34

Primech Holdings (NAS:PMEC) 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.

Primech Holdings Long-Term Capital Lease Obligation Related Terms

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Primech Holdings (Primech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primech Holdings Ltd (NAS:PMEC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Ubi Crescent, Singapore, SGP, 408579

Website

https://www.primechholdings.com

Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.

Primech Holdings (Primech Holdings) Headlines

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