Bojangles (Bojangles) Long-Term Capital Lease Obligation : $18.6 Mil (As of Sep. 2018)

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What is Bojangles Long-Term Capital Lease Obligation?

Bojangles's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2018 was $18.6 Mil.

Bojangles's quarterly Long-Term Capital Lease Obligation declined from Mar. 2018 ($21.3 Mil) to Jun. 2018 ($20.7 Mil) and declined from Jun. 2018 ($20.7 Mil) to Sep. 2018 ($18.6 Mil).

Bojangles's annual Long-Term Capital Lease Obligation increased from Dec. 2015 ($21.5 Mil) to Dec. 2016 ($22.5 Mil) but then declined from Dec. 2016 ($22.5 Mil) to Dec. 2017 ($22.4 Mil).

Bojangles Long-Term Capital Lease Obligation Historical Data

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

Bojangles Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Long-Term Capital Lease Obligation

18.35

20.14

21.48

22.52

22.43

Bojangles Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															23.37	22.43	21.27	20.71	18.62

Bojangles (NAS:BOJA) 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.

Bojangles Long-Term Capital Lease Obligation Related Terms

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Bojangles (Bojangles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Bojangles Inc (NAS:BOJA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.bojangles.com

Bojangles Inc operates and franchises hundreds of fast-casual restaurants specializing in Southern food. Breakfast is a major part of Bojangles' business, with almost 40% of total restaurant revenue generated before 11:00 a.m. Bojangles' offers the breakfast menu all day. The company has nearly 400 franchised restaurants and close to 300 company-operated restaurants, primarily located in the Southeastern United States. Nearly half of all restaurants are in North Carolina, and over 100 more are in South Carolina. The company's only international exposure is through a few franchises in Honduras.

Executives

Advent International Gpe Vi-b Lp	10 percent owner	C/O ADVENT INTERNATIONAL CORP, 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Steven M Tadler	director	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
William A Kussell	director, other: Non-Exec Chairman of the Board	C/O ADVENT INTERNATIONAL CORPORATION, 75 STATE STREET 29TH FLOOR, BOSTON MA 02109
John Currie	director	2285 CLARK DRIVE, VANCOUVER A1 V5N 3G9
Advent Partners Gpe Vi-a 2010 Limited Partnership	10 percent owner	C/O ADVENT INTERNATIONAL CORPORATION, 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent Partners Gpe Vi 2010 Limited Partnership	10 percent owner	C/O ADVENT INTERNATIONAL CORPORATION, 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Gpe Vi Gp (delaware) Limited Partnership	10 percent owner	C/O ADVENT INTERNATIONAL CORPORATION, 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Gpe Vi Gp Limited Partnership	10 percent owner	C/O ADVENT INTERNATIONAL CORPORATION, 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent Partners Gpe Vi 2009 Limited Partnership	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent Partners Gpe Vi-a Limited Partnership	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent Partners Gpe Vi 2008 Limited Partnership	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent International Gpe Vi-g Lp	10 percent owner	C/O ADVENT INTERNATIONAL CORP, 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Hull Robert F Jr	director	1605 CURTIS BRIDGE ROAD, WILKESBORO NC 28697
Advent International Gpe Vi-c Lp	10 percent owner	C/O ADVENT INTERNATIONAL CORP, 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent International Gpe Vi-d Lp	10 percent owner	C/O ADVENT INTERNATIONAL CORP, 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199