Nathan's Famous (Nathan's Famous) Long-Term Capital Lease Obligation : $5.2 Mil (As of Dec. 2023)

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What is Nathan's Famous Long-Term Capital Lease Obligation?

Nathan's Famous's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.2 Mil.

Nathan's Famous's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($5.1 Mil) to Sep. 2023 ($5.4 Mil) but then declined from Sep. 2023 ($5.4 Mil) to Dec. 2023 ($5.2 Mil).

Nathan's Famous's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($7.6 Mil) to Mar. 2022 ($6.5 Mil) and declined from Mar. 2022 ($6.5 Mil) to Mar. 2023 ($5.4 Mil).

Nathan's Famous Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nathan's Famous'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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Nathan's Famous Long-Term Capital Lease Obligation Chart

Nathan's Famous Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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8.53

7.55

6.49

5.41

Nathan's Famous Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.58	5.41	5.06	5.41	5.17

Nathan's Famous (NAS:NATH) 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.

Nathan's Famous Long-Term Capital Lease Obligation Related Terms

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Nathan's Famous (Nathan's Famous) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Nathan's Famous Inc (NAS:NATH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

NFA:Germany

Address

One Jericho Plaza, Second Floor - Wing A, Jericho, NY, USA, 11753

Website

https://www.nathansfamous.com

Nathan's Famous Inc is an owner of fast food franchises in the United States. The company's reportable segment includes the Branded Product Program, Product licensing, Restaurant operations and Corporate. Branded Product Program derives revenue principally from the sale of hot dog products either directly to foodservice operators or to various foodservice distributors who resell the products to foodservice operators. It generates maximum revenue from the Branded Product Program segment. Geographically, it derives a majority of revenue from the United States.

Executives

Brian S Genson	director
Joanne Podell	director	ONE JERICHO PLAZA, JERICHO NY 11753
Robert E Steinberg	officer: VP Finance, CFO, Treasurer	NATHAN'S FAMOUS INC., ONE JERICHO PLAZA, JERICHO NY 11753
Andrew M Levine	director	C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Ronald G Devos	officer: VP-Fin, CFO and Secy
James Robert Walker	officer: SVP, Restaurants	C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Robert J Eide	director	70 EAST SUNRISE HIGHWAY STE 415, VALLEY STREAM NY 11581
Randy Watts	officer: VP - Franchise Operations	1400 OLD COUNTRY ROAD, SUITE 400, WESTBURY NY 11590
Leigh Platte	officer: Vice President, Food Service	C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Scott F. Harvey	officer: Executive Vice President	ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Donald P Schedler	officer: Vice President
Barry Leistner	director
Wayne Norbitz	director, officer: President
Donald L Perlyn	director, officer: Executive Vice President
Howard M Lorber	director, 10 percent owner, officer: Executive Chairman	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137