Restaurant Brands International LP (TSX:QSP.UN) Long-Term Capital Lease Obligation : C$1,923 Mil (As of Mar. 2024)

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What is Restaurant Brands International LP Long-Term Capital Lease Obligation?

Restaurant Brands International LP's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1,923 Mil.

Restaurant Brands International LP's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$1,828 Mil) to Dec. 2023 (C$1,896 Mil) and increased from Dec. 2023 (C$1,896 Mil) to Mar. 2024 (C$1,923 Mil).

Restaurant Brands International LP's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$1,879 Mil) to Dec. 2022 (C$1,886 Mil) and increased from Dec. 2022 (C$1,886 Mil) to Dec. 2023 (C$1,896 Mil).

Restaurant Brands International LP Long-Term Capital Lease Obligation Historical Data

The historical data trend for Restaurant Brands International LP'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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Restaurant Brands International LP Long-Term Capital Lease Obligation Chart

Restaurant Brands International LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,949.01

1,893.17

1,879.04

1,885.60

1,895.68

Restaurant Brands International LP 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															1,884.15	1,857.38	1,828.04	1,895.68	1,923.47

Restaurant Brands International LP (TSX:QSP.UN) 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.

Restaurant Brands International LP Long-Term Capital Lease Obligation Related Terms

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Restaurant Brands International LP (TSX:QSP.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Brands International LP (TSX:QSP.UN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

RSTRF:USA

Address

130 King Street West, Suite 300, P.O. Box 339, Toronto, ON, CAN, M5X 1E1

Website

https://www.rbi.com

Restaurant Brands International LP is a Canada-based firm. It owns, operates and franchises quick-service restaurants and possesses market recognition. It operates in three segments namely; Tim Hortons; Burger King; and Popeyes Louisiana Kitchen. Its business generates revenue from franchise revenues; property revenues from properties it leases or subleases to franchisees; and sales at restaurants owned by the company. In addition, the Tim Hortons business generates a vast majority of the revenue from sales to franchisees related to its supply chain operations, including manufacturing, procurement, warehousing, and distribution, as well as sales to retailers.

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