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Wingstop (Wingstop) Long-Term Capital Lease Obligation : $0.0 Mil (As of Mar. 2024)


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What is Wingstop Long-Term Capital Lease Obligation?

Wingstop's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil.


Wingstop Long-Term Capital Lease Obligation Historical Data

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

Wingstop Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Wingstop Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Wingstop  (NAS:WING) 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.

Wingstop Long-Term Capital Lease Obligation Related Terms

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Wingstop (Wingstop) Business Description

Industry
Traded in Other Exchanges
Address
15505 Wright Brothers Drive, Addison, TX, USA, 75001
Founded in 1994 in Garland, Texas, Wingstop is a restaurant operator specializing in indulgent bone-in and boneless chicken wings, chicken tenders, fries, and recently chicken sandwiches. The firm's footprint has grown quickly since its inception, reaching nearly 2,000 global stores at the end of 2022, rendering Wingstop the 40th-largest restaurant chain in the U.S. by system sales, according to Technomic data. With a 98% franchised model, Wingstop generates the lion share of its revenue from franchise royalties and advertising fees, with the remainder derived from a small footprint of company-owned stores.
Executives
Donnie Upshaw officer: Senior Vice President, People 5501 LBJ FREEWAY, 5TH FLOOR, DALLAS TX 75420
Anne C Fischer officer: SVP, Chief Growth Officer C/O WINGSTOP INC., 15505 WRIGHT BROTHERS DRIVE, ADDISON TX 75001
Wesley S Mcdonald director
Michael Skipworth officer: Corporate Controller 5501 LBJ FREEWAY, 5TH FLOOR, DALLAS TX 75240
Raj Kapoor officer: SVP, Pres. of International C/O WINGSTOP INC., 15505 WRIGHT BROTHERS DRIVE, ADDISON TX 75001
Krishnan Anand director 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Marisa Carona officer: VP Strategy & Chief of Staff 5501 LBJ FREEWAY, 5TH FLOOR, DALLAS TX 75420
Stacy Peterson officer: Chief Information Officer 5501 LBJ FREEWAY, 5TH FLOOR, DALLAS TX 75240
Albert G Mcgrath officer: See Remarks C/O FOGO DE CHAO, INC., 14881 QUORUM DRIVE, SUITE 750, DALLAS TX 75254
Craig M Sherwood officer: SVP, U.S. Development C/O WINGSTOP INC., 15505 WRIGHT BROTHERS DRIVE, ADDISON TX 75001
Ania Smith director C/O WINGSTOP INC., 15505 WRIGHT BROTHERS DRIVE, ADDISON TX 75001
Alex Kaleida officer: SVP, Chief Financial Officer C/O WINGSTOP INC., 15505 WRIGHT BROTHERS DR, ADDISON TX 75001
Nicolas Boudet officer: See Remarks 5501 LBJ FREEWAY, 5TH FLOOR, DALLAS TX 75240
Charles R Morrison director, officer: President and CEO 3551 PLANO PKWY, THE COLONY TX 75056
Mahesh Sadarangani officer: See remarks 5501 LBJ FREEWAY, 5TH FLOOR, DALLAS TX 75240