Tortilla Mexican Grill (STU:73D) Long-Term Capital Lease Obligation : €34.28 Mil (As of Dec. 2023)

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What is Tortilla Mexican Grill Long-Term Capital Lease Obligation?

Tortilla Mexican Grill's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €34.28 Mil.

Tortilla Mexican Grill's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€35.77 Mil) to Jun. 2023 (€35.90 Mil) but then declined from Jun. 2023 (€35.90 Mil) to Dec. 2023 (€34.28 Mil).

Tortilla Mexican Grill's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€30.40 Mil) to Dec. 2022 (€35.77 Mil) but then declined from Dec. 2022 (€35.77 Mil) to Dec. 2023 (€34.28 Mil).

Tortilla Mexican Grill Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tortilla Mexican Grill'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.

* Premium members only.

Tortilla Mexican Grill Long-Term Capital Lease Obligation Chart

Tortilla Mexican Grill Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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30.41

26.73

30.40

35.77

34.28

Tortilla Mexican Grill Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					30.40	34.48	35.77	35.90	34.28

Tortilla Mexican Grill (STU:73D) 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.

Tortilla Mexican Grill Long-Term Capital Lease Obligation Related Terms

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Tortilla Mexican Grill (STU:73D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tortilla Mexican Grill PLC (STU:73D) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MEX:UK

Address

142-144 New Cavendish Street, 1st Floor, Evelyn House, London, GBR, W1W 6YF

Website

https://www.tortilla.co.uk

Tortilla Mexican Grill PLC is a casual Mexican restaurant group in the UK specialising in the sale both on-site and through its delivery channel of freshly made Californian inspired Mexican cuisine.

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