Collins Foods (ASX:CKF) Long-Term Capital Lease Obligation : A$0 Mil (As of Oct. 2023)

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What is Collins Foods Long-Term Capital Lease Obligation?

Collins Foods's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was A$0 Mil.

Collins Foods's quarterly Long-Term Capital Lease Obligation increased from Oct. 2022 (A$0 Mil) to Apr. 2023 (A$507 Mil) but then declined from Apr. 2023 (A$507 Mil) to Oct. 2023 (A$0 Mil).

Collins Foods's annual Long-Term Capital Lease Obligation increased from Apr. 2021 (A$364 Mil) to Apr. 2022 (A$440 Mil) and increased from Apr. 2022 (A$440 Mil) to Apr. 2023 (A$507 Mil).

Collins Foods Long-Term Capital Lease Obligation Historical Data

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

Collins Foods Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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360.97

363.60

439.62

506.87

Collins Foods Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	439.62	-	506.87	-

Collins Foods (ASX:CKF) 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.

Collins Foods Long-Term Capital Lease Obligation Related Terms

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Collins Foods (ASX:CKF) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Collins Foods Ltd (ASX:CKF) » Definitions » Long-Term Capital Lease Obligation

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CLLFF:USA

Address

485 Kingsford Smith Drive, Level 3, KSD1, Hamilton, QLD, AUS, 4007

Website

https://www.collinsfoods.com

Collins Foods is an operator of quick service restaurants, or QSRs. It franchises restaurant brands from U.S.-listed Yum Brands, including KFC in Australia, Germany, and the Netherlands, as well as Taco Bell in Australia. Most of its revenue and earnings are generated in Australia, where Collins is the largest franchisee of KFC, ahead of Restaurant Brands New Zealand.In the Netherlands, Collins has signed a corporate franchise agreement, giving it more control over development and oversight of the Dutch franchisee network.Earnings growth is underpinned by its store network expansion, both new restaurants and acquisitions of existing sites. Competitive pricing is key to maintaining share in the QSR market, and the company has generally increased at or below consumer price index growth.

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