The Wendy's Co (The Wendy's Co) Long-Term Capital Lease Obligation

: $1,308 Mil (As of Dec. 2023)

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The Wendy's Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,308 Mil.

The Wendy's Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1,332 Mil) to Sep. 2023 ($1,320 Mil) and declined from Sep. 2023 ($1,320 Mil) to Dec. 2023 ($1,308 Mil).

The Wendy's Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,413 Mil) to Dec. 2022 ($1,364 Mil) and declined from Dec. 2022 ($1,364 Mil) to Dec. 2023 ($1,308 Mil).

The Wendy's Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Wendy's Co'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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The Wendy's Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1,378.58

1,371.40

1,412.92

1,363.93

1,308.11

The Wendy's Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																1,363.93	1,345.24	1,332.10	1,320.04	1,308.11

The Wendy's Co (NAS:WEN) 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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The Wendy's Co (The Wendy's Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » The Wendy's Co (NAS:WEN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TQK:Germany

Address

One Dave Thomas Boulevard, Dublin, OH, USA, 43017

Website

https://www.wendys.com

The Wendy's Company is the second-largest burger quick-service restaurant, or QSR, chain in the United States by systemwide sales, with $11.7 billion in 2022, narrowly edging Burger King ($10.3 billion) and clocking in well behind wide-moat McDonald's ($48.1 billion). After divestitures of Tim Hortons (2006) and Arby's (2011), the firm manages just the burger banner, generating sales across a footprint that spanned almost 7,100 total units in 30 countries as of year-end 2022. Wendy's generates revenue from the sale of hamburgers, chicken sandwiches, salads, and fries throughout its company-owned footprint, through franchise royalty and marketing fund payments remitted by its franchisees, which account for 94% of stores, and through franchise flipping and advisory fees.

Executives

Joseph A Levato	director	C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BLVD., DUBLIN OH 43017
Trian Fund Management, L.p.	other: Schedule 13D Filer	280 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10017
Kenneth W Gilbert	director	C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BLVD., DUBLIN OH 43017
Michelle Caruso-cabrera	director	C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BLVD., DUBLIN OH 43017
Liliana Esposito	officer: Chief Communications Officer	ONE DAVE THOMAS BLVD., DUBLIN OH 43017
Nelson Peltz	director, 10 percent owner, officer: Chairman and CEO	223 SUNSET AVENUE, PALM BEACH FL 33480
Edward P Garden	officer: Executive Vice President	223 SUNSET AVENUE, PALM BEACH FL 33480
Peter W May	director, 10 percent owner, officer: President and COO	223 SUNSET AVENUE, PALM BEACH FL 33480
Matthew H. Peltz	director	280 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10017
Trian Partners Master Fund, L.p.	other: Schedule 13D Filer	280 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10017
Deepak Ajmani	officer: Chief Operations Officer - U.S	C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BLVD., DUBLIN OH 43017
Juan Carlos Loredo	officer: Global Chief Marketing Officer	C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BLVD., DUBLIN OH 43017
Suzanne M. Thuerk	officer: Chief Accounting Officer	ONE DAVE THOMAS BLVD., C/O THE WENDY'S COMPANY, DUBLIN OH 43017
Richard H. Gomez	director	1000 NICOLLET MALL, MINNEAPOLIS MN 55403
O'brien Matthew Coley	officer: Chief People Officer	ONE DAVE THOMAS BLVD., DUBLIN OH 43017