Cracker Barrel Old Country Store (Cracker Barrel Old Country Store) Long-Term Capital Lease Obligation : $689 Mil (As of Jan. 2024)

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What is Cracker Barrel Old Country Store Long-Term Capital Lease Obligation?

Cracker Barrel Old Country Store's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $689 Mil.

Cracker Barrel Old Country Store's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($702 Mil) to Oct. 2023 ($697 Mil) and declined from Oct. 2023 ($697 Mil) to Jan. 2024 ($689 Mil).

Cracker Barrel Old Country Store's annual Long-Term Capital Lease Obligation declined from Jul. 2021 ($748 Mil) to Jul. 2022 ($722 Mil) and declined from Jul. 2022 ($722 Mil) to Jul. 2023 ($702 Mil).

Cracker Barrel Old Country Store Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cracker Barrel Old Country Store'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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Cracker Barrel Old Country Store Long-Term Capital Lease Obligation Chart

Cracker Barrel Old Country Store Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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632.63

748.31

722.16

702.41

Cracker Barrel Old Country Store Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															712.06	711.20	702.41	696.87	689.50

Cracker Barrel Old Country Store (NAS:CBRL) 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.

Cracker Barrel Old Country Store Long-Term Capital Lease Obligation Related Terms

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Cracker Barrel Old Country Store (Cracker Barrel Old Country Store) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cracker Barrel Old Country Store Inc (NAS:CBRL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

OLD:Germany OLD:Germany

Address

305 Hartmann Drive, Lebanon, TN, USA, 37087-4779

Website

https://www.crackerbarrel.com

Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.

Executives

Sandra B Cochran	officer: Executive VP & CFO	305 HARTMANN DRIVE, LEBANON TN 37087
Julie D. Masino	officer: CEO-elect	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Jim Mark Spurgin	officer: SVP Chief Supply Chain Officer	305 S. HARTMANN DRIVE, LEBANON TN 37087
William W. Moreton	director	3630 SOUTH GEYER ROAD, SUITE 100, ST LOUIS MO 63127
Jody L Bilney	director	2202 NORTH WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Cammie Schaefer	officer: SVP Operations	305 HARTMANN DR, LEBANON TN 37087
Craig Pommells	officer: SVP & CFO	305 HARTMANN DR, LEBANON TN 37087
Donna Roberts	officer: SVP, Chief HR Officer	305 HARTMANN DR, LEBANON TN 37087
Darryl L Wade	director	1208 SHARON PLACE, WINTER PARK FL 32789
Bruce Hoffmeister	officer: SVP, Chief Information Officer	8546 ROBERTS ROAD, ELLICOTT CITY MD 21043
Gisel Ruiz	director	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Jennifer Tate	officer: SVP & CMO	305 HARTMANN DRIVE, LEBANON TN 37087
Gilbert Raymond Davila	director	15838 SEVILLE LANE, ENCINO CA 91436
Carl T Berquist	director	C/O MARRIOTT INTERNATONAL INC, 10400 FERNWOOD ROAD, BETHESDA MD 20817
Kara Jacobs	officer: VP, Controller & PAO	305 HARTMANN DR, LEBANON TN 37087