Restaurant Group (The) (LSE:RTN) Long-Term Capital Lease Obligation : £331.5 Mil (As of Jun. 2023)

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What is Restaurant Group (The) Long-Term Capital Lease Obligation?

Restaurant Group (The)'s Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £331.5 Mil.

Restaurant Group (The)'s quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (£340.8 Mil) to Dec. 2022 (£341.0 Mil) but then declined from Dec. 2022 (£341.0 Mil) to Jun. 2023 (£331.5 Mil).

Restaurant Group (The)'s annual Long-Term Capital Lease Obligation declined from Dec. 2020 (£392.3 Mil) to Dec. 2021 (£337.3 Mil) but then increased from Dec. 2021 (£337.3 Mil) to Dec. 2022 (£341.0 Mil).

Restaurant Group (The) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Restaurant Group (The)'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 Group (The) Long-Term Capital Lease Obligation Chart

Restaurant Group (The) Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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10.43

9.61

392.30

337.30

341.00

Restaurant Group (The) Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															359.35	337.30	340.80	341.00	331.50

Restaurant Group (The) (LSE:RTN) 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.

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Restaurant Group (The) (LSE:RTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Group (The) PLC (LSE:RTN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

5-7 Marshalsea Road, Borough, London, GBR, SE1 1EP

Website

https://www.trgplc.com

Restaurant Group (The) PLC operates more than 400 restaurants and pubs under a variety of brand names and concepts, including Frankie and Benny's (American and Italian food), Chiquito (Mexican food), Coast to Coast (American food), Brunning & Price (traditional British pub), and Garfunkel's (British cafe). The group trades in four segments Wagamama, Pubs, Leisure, and Concessions. Nearly all of the company's restaurants are in the United Kingdom. The Group also operates Pub restaurants and a Concessions business which trades principally at UK airports.