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Darden Restaurants Long-Term Capital Lease Obligation

: $4,156 Mil (As of Feb. 2021)
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Darden Restaurants's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2021 was $4,156 Mil.

Darden Restaurants's quarterly Long-Term Capital Lease Obligation declined from Aug. 2020 ($4,264 Mil) to Nov. 2020 ($4,223 Mil) and declined from Nov. 2020 ($4,223 Mil) to Feb. 2021 ($4,156 Mil).

Darden Restaurants's annual Long-Term Capital Lease Obligation stayed the same from May. 2018 ($0 Mil) to May. 2019 ($0 Mil) but then increased from May. 2019 ($0 Mil) to May. 2020 ($4,276 Mil).

Darden Restaurants Long-Term Capital Lease Obligation Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Darden Restaurants Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 4,276.30

Darden Restaurants Quarterly Data
May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,317.40 4,276.30 4,264.30 4,222.80 4,156.30

Darden Restaurants  (NYSE:DRI) 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.

Darden Restaurants Long-Term Capital Lease Obligation Related Terms

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