Brinker International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,140 Mil.
Brinker International's quarterly Long-Term Capital Lease Obligation
increased
from Jun. 2023 ($1,126 Mil) to Sep. 2023 ($1,160 Mil) but then
declined
from Sep. 2023 ($1,160 Mil) to Dec. 2023 ($1,140 Mil).
Brinker International's annual Long-Term Capital Lease Obligation
increased
from Jun. 2021 ($1,007 Mil) to Jun. 2022 ($1,151 Mil) but then
declined
from Jun. 2022 ($1,151 Mil) to Jun. 2023 ($1,126 Mil).
Brinker International Long-Term Capital Lease Obligation Historical Data
The historical data trend for Brinker International'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.
Brinker International Annual Data
Trend
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
Jun22
Jun23
Long-Term Capital Lease Obligation
2.80
1,061.60
1,006.70
1,151.10
1,125.80
Brinker International 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
1,196.60
1,174.50
1,125.80
1,159.80
1,139.60
Brinker International (NYSE:EAT) 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.
Brinker International Long-Term Capital Lease Obligation Related Terms
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Brinker International (Brinker International) Business Description
Brinker International Inc operates casual dining restaurants under the brand's Chili Grill and Bar (Chili's) and Maggiano's Little Italy (Maggiano's). Chili's falls in the Bar and Grill category of casual dining. Its menu features Fresh Mex and Fresh Tex favorites including signature items such as slow-smoked baby back ribs, craft burgers, fajitas, and bottomless chips and salsa paired with tableside guacamole. Maggiano's is an Italian restaurant brand with a full lunch and dinner menu offering chef-prepared, such as appetizers, chicken, seafood, veal and prime steaks, and desserts. The company generates maximum revenue from Chili's segment.
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