Restaurant Brands NZ (ASX:RBD) Long-Term Capital Lease Obligation : A$627 Mil (As of Dec. 2023)

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What is Restaurant Brands NZ Long-Term Capital Lease Obligation?

Restaurant Brands NZ's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$627 Mil.

Restaurant Brands NZ's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (A$645 Mil) to Jun. 2023 (A$0 Mil) but then increased from Jun. 2023 (A$0 Mil) to Dec. 2023 (A$627 Mil).

Restaurant Brands NZ's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (A$610 Mil) to Dec. 2022 (A$645 Mil) but then declined from Dec. 2022 (A$645 Mil) to Dec. 2023 (A$627 Mil).

Restaurant Brands NZ Long-Term Capital Lease Obligation Historical Data

The historical data trend for Restaurant Brands NZ'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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Restaurant Brands NZ Long-Term Capital Lease Obligation Chart

Restaurant Brands NZ Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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530.46

609.92

645.27

626.89

Restaurant Brands NZ Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															609.92	-	645.27	-	626.89

Restaurant Brands NZ (ASX:RBD) 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.

Restaurant Brands NZ Long-Term Capital Lease Obligation Related Terms

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Restaurant Brands NZ (ASX:RBD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Brands NZ Ltd (ASX:RBD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

RTBRF:USA RBD:New Zealand

Address

666 Great South Road, Level 3, Level 3, Building 7, Central Park, Penrose, Auckland, NTL, NZL, 1051

Website

https://www.restaurantbrands.co.nz

Restaurant Brands NZ Ltd, together with its subsidiaries, operates quick service and takeaway restaurant concepts. The company's business includes KFC and Carl's Jr. It has various brands, consisting of KFC New Zealand, KFC Australia, Taco Bell, and Carl's Jr. stores. The company has purchased approximately more than 90 KFC stores in New South Wales, Australia, and also acquired the New Zealand franchise for Carl's Jr.

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