Star Buffet (Star Buffet) Long-Term Capital Lease Obligation : $14.43 Mil (As of Oct. 2019)

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What is Star Buffet Long-Term Capital Lease Obligation?

Star Buffet's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2019 was $14.43 Mil.

Star Buffet's quarterly Long-Term Capital Lease Obligation declined from Apr. 2019 ($14.45 Mil) to Jul. 2019 ($14.34 Mil) but then increased from Jul. 2019 ($14.34 Mil) to Oct. 2019 ($14.43 Mil).

Star Buffet Long-Term Capital Lease Obligation Historical Data

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

Star Buffet Annual Data

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Long-Term Capital Lease Obligation

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Star Buffet Quarterly Data
	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	14.45	14.34	14.43

Star Buffet (OTCPK:STRZ) 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.

Star Buffet Long-Term Capital Lease Obligation Related Terms

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Star Buffet (Star Buffet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Star Buffet Inc (OTCPK:STRZ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2501 North Hayden Road, Suite 103, Scottsdale, AZ, USA, 85257

Website

http://www.starbuffet.com

Star Buffet Inc is a multi-concept restaurant holding company. The company owns and operates around 26 full-service restaurants located throughout the United States. It operates under trade names including 4B's Restaurants, BuddyFreddys, Barnhill's Salads Buffet Desserts, Casa Bonita, Pecos Diamond Steakhouse and Frosty Freez.

Executives

Robert E Wheaton	director, 10 percent owner	2501 N. HAYDEN RD. SUITE 103 SCOTTSDALE AZ 85257
Thomas G Schadt	director	1675 ROCKVIEW CIRCLE SUPERIOR CO 80027
Todd S Brown	director	11435 N ST ANDREWS WAY SCOTTSDALE AZ 85254
Mary-whitney Wheaton	director	2501 N. HAYDEN ROAD SUITE 103 SCOTTSDALE AZ 85257
Craig Bradford Wheaton	director	2910 FAIRVIEW ROAD RALEIGH NC 27608
Smith B Thomas M Jr	director	1070 E. MAIN STREET OWOSSO MI 48867
Hummingbird Value Fund Lp	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Management Llc	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Paul D Sonkin	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Microcap Value Fund Lp	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Capital Llc	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Phillip Elton Johnson	director	2815 CHERRY TREE LANE PLANT CITY FL 33565

Star Buffet (Star Buffet) Headlines

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