Darden Restaurants (BSP:D1RI34) Long-Term Capital Lease Obligation : R$18,724 Mil (As of Feb. 2024)

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What is Darden Restaurants Long-Term Capital Lease Obligation?

Darden Restaurants's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was R$18,724 Mil.

Darden Restaurants's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (R$19,004 Mil) to Nov. 2023 (R$18,687 Mil) but then increased from Nov. 2023 (R$18,687 Mil) to Feb. 2024 (R$18,724 Mil).

Darden Restaurants's annual Long-Term Capital Lease Obligation declined from May. 2021 (R$21,609 Mil) to May. 2022 (R$18,634 Mil) and declined from May. 2022 (R$18,634 Mil) to May. 2023 (R$18,269 Mil).

Darden Restaurants Long-Term Capital Lease Obligation Historical Data

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

Darden Restaurants Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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24,115.77

21,608.54

18,634.40

18,269.42

Darden Restaurants Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															19,368.42	18,269.42	19,004.40	18,687.34	18,724.42

Darden Restaurants (BSP:D1RI34) 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.

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Darden Restaurants (BSP:D1RI34) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Darden Restaurants Inc (BSP:D1RI34) » Definitions » Long-Term Capital Lease Obligation

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DRI:USA DDN:Germany

Address

1000 Darden Center Drive, Orlando, FL, USA, 32837

Website

https://www.darden.com

Darden Restaurants is the largest restaurant operator in the U.S. full-service space, with consolidated revenue of $10.5 billion in fiscal 2023 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2023, the company operated 1,914 restaurants in the U.S.

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