RCI Hospitality Holdings (STU:RIK) Long-Term Capital Lease Obligation : €30.9 Mil (As of Mar. 2024)

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What is RCI Hospitality Holdings Long-Term Capital Lease Obligation?

RCI Hospitality Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €30.9 Mil.

RCI Hospitality Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€33.0 Mil) to Dec. 2023 (€31.5 Mil) and declined from Dec. 2023 (€31.5 Mil) to Mar. 2024 (€30.9 Mil).

RCI Hospitality Holdings's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (€20.5 Mil) to Sep. 2022 (€36.4 Mil) but then declined from Sep. 2022 (€36.4 Mil) to Sep. 2023 (€33.0 Mil).

RCI Hospitality Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for RCI Hospitality Holdings'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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RCI Hospitality Holdings Long-Term Capital Lease Obligation Chart

RCI Hospitality Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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21.60

20.53

36.36

32.96

RCI Hospitality Holdings 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															34.03	33.17	32.96	31.54	30.91

RCI Hospitality Holdings (STU:RIK) 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.

RCI Hospitality Holdings Long-Term Capital Lease Obligation Related Terms

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RCI Hospitality Holdings (STU:RIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » RCI Hospitality Holdings Inc (STU:RIK) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

RICK:USA

Address

10737 Cutten Road, Houston, TX, USA, 77066

Website

http://www.rcihospitality.com

RCI Hospitality Holdings Inc through its subsidiaries owns and operates establishments that offer live adult entertainment, restaurant, and or bar operations. It also owns and operates a communication company serving the adult nightclubs industry. The company's operating business segments are Nightclubs, Bombshells, and Others. It operates nightclubs through the following brand's Rick's Cabaret, Vivid Cabaret, Tootsie's Cabaret, Club Onyx, and Jaguars Club. In the Bombshells segment, the company is building a chain of Restaurants and Sports Bars in Dallas, Austin, and Houston, Texas. It derives majority revenue from the Nightclubs segment that engages in the sale of alcoholic beverages, food, and merchandise items; service in the form of cover charge, dance fees, and room rentals.

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