Tortilla Mexican Grill (LSE:MEX) Long-Term Capital Lease Obligation : £29.53 Mil (As of Dec. 2023)

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What is Tortilla Mexican Grill Long-Term Capital Lease Obligation?

Tortilla Mexican Grill's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £29.53 Mil.

Tortilla Mexican Grill's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£31.11 Mil) to Jun. 2023 (£30.80 Mil) and declined from Jun. 2023 (£30.80 Mil) to Dec. 2023 (£29.53 Mil).

Tortilla Mexican Grill's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£25.83 Mil) to Dec. 2022 (£31.11 Mil) but then declined from Dec. 2022 (£31.11 Mil) to Dec. 2023 (£29.53 Mil).

Tortilla Mexican Grill Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tortilla Mexican Grill'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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Tortilla Mexican Grill Long-Term Capital Lease Obligation Chart

Tortilla Mexican Grill Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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25.78

24.20

25.83

31.11

29.53

Tortilla Mexican Grill Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					25.83	29.59	31.11	30.80	29.53

Tortilla Mexican Grill (LSE:MEX) 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.

Tortilla Mexican Grill Long-Term Capital Lease Obligation Related Terms

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Tortilla Mexican Grill (LSE:MEX) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tortilla Mexican Grill PLC (LSE:MEX) » Definitions » Long-Term Capital Lease Obligation

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73D:Germany

Address

142-144 New Cavendish Street, 1st Floor, Evelyn House, London, GBR, W1W 6YF

Website

https://www.tortilla.co.uk

Tortilla Mexican Grill PLC is a casual Mexican restaurant group in the UK specialising in the sale both on-site and through its delivery channel of freshly made Californian inspired Mexican cuisine.

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