Cheesecake Factory's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,255 Mil.
Cheesecake Factory's quarterly Long-Term Capital Lease Obligation
increased
from Jun. 2023 ($1,229 Mil) to Sep. 2023 ($1,247 Mil) and
increased
from Sep. 2023 ($1,247 Mil) to Dec. 2023 ($1,255 Mil).
Cheesecake Factory's annual Long-Term Capital Lease Obligation
increased
from Dec. 2021 ($1,218 Mil) to Dec. 2022 ($1,233 Mil) and
increased
from Dec. 2022 ($1,233 Mil) to Dec. 2023 ($1,255 Mil).
Cheesecake Factory Long-Term Capital Lease Obligation Historical Data
The historical data trend for Cheesecake Factory'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.
* Premium members only.
Cheesecake Factory Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Long-Term Capital Lease Obligation
1,189.87
1,224.32
1,218.27
1,233.50
1,254.96
Cheesecake Factory Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Long-Term Capital Lease Obligation
1,233.50
1,218.02
1,228.66
1,246.82
1,254.96
Cheesecake Factory (NAS:CAKE) 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.
Cheesecake Factory Long-Term Capital Lease Obligation Related Terms
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Cheesecake Factory (Cheesecake Factory) Business Description
Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and Flower Child. Majority of the company's revenue comes from The Cheesecake Factory restaurants segment.
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