Shakey's Pizza Asia Ventures (PHS:PIZZA) Long-Term Capital Lease Obligation : ₱1,496 Mil (As of Mar. 2024)

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What is Shakey's Pizza Asia Ventures Long-Term Capital Lease Obligation?

Shakey's Pizza Asia Ventures's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱1,496 Mil.

Shakey's Pizza Asia Ventures's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₱1,509 Mil) to Dec. 2023 (₱1,555 Mil) but then declined from Dec. 2023 (₱1,555 Mil) to Mar. 2024 (₱1,496 Mil).

Shakey's Pizza Asia Ventures's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₱1,389 Mil) to Dec. 2022 (₱1,641 Mil) but then declined from Dec. 2022 (₱1,641 Mil) to Dec. 2023 (₱1,555 Mil).

Shakey's Pizza Asia Ventures Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shakey's Pizza Asia Ventures'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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Shakey's Pizza Asia Ventures Long-Term Capital Lease Obligation Chart

Shakey's Pizza Asia Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,374.29

1,319.06

1,388.73

1,641.12

1,555.25

Shakey's Pizza Asia Ventures 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															1,597.17	1,553.21	1,508.60	1,555.25	1,495.66

Shakey's Pizza Asia Ventures (PHS:PIZZA) 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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Shakey's Pizza Asia Ventures (PHS:PIZZA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Shakey's Pizza Asia Ventures Inc (PHS:PIZZA) » Definitions » Long-Term Capital Lease Obligation

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Address

15 Km East Service Road, Corner Marian Road 2, Barangay San Martin De Porres, Paranaque, PHL, 1700

Website

https://www.shakeyspizza.ph

Shakey's Pizza Asia Ventures Inc owns and operates a franchise pizza restaurant in the Philippines. The company owns the rights and trademarks in Asia (except Malaysia and Japan), China, Middle East, Australia, and Oceania. Its reporting segments are Restaurant, Franchise and royalty fees and commissary, and others. Restaurant sales comprise revenues from restaurant activities and sale of merchandise and equipment to franchisees, Franchise and royalty fees represent payment of sub-dealers for use of the Shakey's brand, and Commissary sales comprise of third-party sales other than aforementioned activities. The company generates a majority of its revenue from restaurants.

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