The Wendy's Co (FRA:TQK) Long-Term Capital Lease Obligation : €1,190 Mil (As of Mar. 2024)

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What is The Wendy's Co Long-Term Capital Lease Obligation?

The Wendy's Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,190 Mil.

The Wendy's Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€1,237 Mil) to Dec. 2023 (€1,200 Mil) and declined from Dec. 2023 (€1,200 Mil) to Mar. 2024 (€1,190 Mil).

The Wendy's Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€1,250 Mil) to Dec. 2022 (€1,288 Mil) but then declined from Dec. 2022 (€1,288 Mil) to Dec. 2023 (€1,200 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 Long-Term Capital Lease Obligation Chart

The Wendy's Co Annual Data

Trend

Dec14

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Dec18

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Dec20

Dec21

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Dec23

Long-Term Capital Lease Obligation

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1,240.73

1,127.29

1,250.43

1,287.55

1,199.53

The Wendy's Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,256.46	1,229.53	1,236.88	1,199.53	1,189.60

The Wendy's Co (FRA:TQK) 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 (FRA:TQK) Business Description

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

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WEN:USA

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.

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