First Watch Restaurant Group (First Watch Restaurant Group) Long-Term Capital Lease Obligation : $444.4 Mil (As of Mar. 2024)

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What is First Watch Restaurant Group Long-Term Capital Lease Obligation?

First Watch Restaurant Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $444.4 Mil.

First Watch Restaurant Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($420.5 Mil) to Dec. 2023 ($441.3 Mil) and increased from Dec. 2023 ($441.3 Mil) to Mar. 2024 ($444.4 Mil).

First Watch Restaurant Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($330.5 Mil) to Dec. 2022 ($366.1 Mil) and increased from Dec. 2022 ($366.1 Mil) to Dec. 2023 ($441.3 Mil).

First Watch Restaurant Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Watch Restaurant 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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First Watch Restaurant Group Long-Term Capital Lease Obligation Chart

First Watch Restaurant Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

295.63

307.80

330.50

366.11

441.29

First Watch Restaurant Group Quarterly Data
	Dec19	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												370.73	387.87	420.50	441.29	444.38

First Watch Restaurant Group (NAS:FWRG) 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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First Watch Restaurant Group (First Watch Restaurant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » First Watch Restaurant Group Inc (NAS:FWRG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

8725 Pendery Place, Suite 201, Bradenton, FL, USA, 34201

Website

https://www.firstwatch.com

First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. It generates revenues from Restaurant sales and Franchise revenues.

Executives

William A Kussell	director	C/O ADVENT INTERNATIONAL CORPORATION, 75 STATE STREET 29TH FLOOR, BOSTON MA 02109
Christopher Anthony Tomasso	director, officer: President and CEO	C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201
Matthew Eisenacher	officer: Chief Brand Officer	8725 PENDERY PLACE, STE. 201, BRADENTON FL 34201
Irene Chang Britt	director	CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103
Advent International Corp/ma	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
David Paresky	director	ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Tricia Glynn	director	C/O ADVENT INERNATIONAL CORPORATION, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Advent International Gp, Llc	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Michael James White	director	C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Advent Partners Gpe Vii-b Cayman Limited Partnership	10 percent owner	C/O ADVENT INTERNATIONAL CORPORATION, 75 STATE STREET, BOSTON MA 02109
Stephanie Lilak	director	C/O DUNKIN' BRANDS, INC., 130 ROYALL STREET, CANTON MA 02021
Hope H Melville Iii	officer: CFO and Treasurer	AFC ENTERPRISES INC, SIX CONCOURSE PKWY STE 1700, ATLANTA GA 30328-5352
Middleton Calum Alasdair Johnstone	officer: Chief Strategy Officer	C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201
Gpe Viii Gp Limited Partnership	10 percent owner	C/O ADVENT INTERNATIONAL CORP., 75 STATE STREET, BOSTON MA 02109
Gpe Viii Gp S.a.r.l.	10 percent owner	CO ADVENT INTERNATIONAL, 800 BOYLSTON STREET, BOSTON MA 02199