MTY Food Group (FRA:9MF) Long-Term Capital Lease Obligation : €287.6 Mil (As of Feb. 2024)

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What is MTY Food Group Long-Term Capital Lease Obligation?

MTY Food Group's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €287.6 Mil.

MTY Food Group's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 (€281.1 Mil) to Nov. 2023 (€285.0 Mil) and increased from Nov. 2023 (€285.0 Mil) to Feb. 2024 (€287.6 Mil).

MTY Food Group's annual Long-Term Capital Lease Obligation increased from Nov. 2021 (€259.0 Mil) to Nov. 2022 (€291.9 Mil) but then declined from Nov. 2022 (€291.9 Mil) to Nov. 2023 (€285.0 Mil).

MTY Food Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for MTY Food Group'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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MTY Food Group Long-Term Capital Lease Obligation Chart

MTY Food Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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287.22

259.01

291.89

284.98

MTY Food Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															288.04	279.95	281.12	284.98	287.56

MTY Food Group (FRA:9MF) 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.

MTY Food Group Long-Term Capital Lease Obligation Related Terms

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MTY Food Group (FRA:9MF) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » MTY Food Group Inc (FRA:9MF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MTYFF:USA 9MF:Germany MTY:Canada

Address

8150 autoroute Transcanadienne, Suite 200, Saint-Laurent, QC, CAN, H4S 1M5

Website

https://www.mtygroup.com

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada and US and International. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.

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