Shake Shack (FRA:9SH) Long-Term Capital Lease Obligation : €439 Mil (As of Mar. 2024)

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What is Shake Shack Long-Term Capital Lease Obligation?

Shake Shack's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €439 Mil.

Shake Shack's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€442 Mil) to Dec. 2023 (€434 Mil) but then increased from Dec. 2023 (€434 Mil) to Mar. 2024 (€439 Mil).

Shake Shack's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€358 Mil) to Dec. 2022 (€407 Mil) and increased from Dec. 2022 (€407 Mil) to Dec. 2023 (€434 Mil).

Shake Shack Long-Term Capital Lease Obligation Historical Data

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

Shake Shack Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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277.70

285.50

357.91

406.99

433.97

Shake Shack Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															415.99	417.54	441.88	433.97	438.57

Shake Shack (FRA:9SH) 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.

Shake Shack Long-Term Capital Lease Obligation Related Terms

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Shake Shack (FRA:9SH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Shake Shack Inc (FRA:9SH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SHAK:USA SHAK:Mexico 9SH:Germany

Address

225 Varick Street, Suite 301, New York, NY, USA, 10014

Website

https://www.shakeshack.com

Shake Shack Inc is a roadside burger stands. It is serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.

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