WB Burgers Asia (WB Burgers Asia) Long-Term Capital Lease Obligation : $0.26 Mil (As of Jan. 2024)

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What is WB Burgers Asia Long-Term Capital Lease Obligation?

WB Burgers Asia's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.26 Mil.

WB Burgers Asia's quarterly Long-Term Capital Lease Obligation stayed the same from Jul. 2023 ($0.00 Mil) to Oct. 2023 ($0.00 Mil) but then increased from Oct. 2023 ($0.00 Mil) to Jan. 2024 ($0.26 Mil).

WB Burgers Asia's annual Long-Term Capital Lease Obligation increased from Jul. 2021 ($0.00 Mil) to Jul. 2022 ($0.15 Mil) but then declined from Jul. 2022 ($0.15 Mil) to Jul. 2023 ($0.00 Mil).

WB Burgers Asia Long-Term Capital Lease Obligation Historical Data

The historical data trend for WB Burgers Asia'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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WB Burgers Asia Long-Term Capital Lease Obligation Chart

WB Burgers Asia Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.15

WB Burgers Asia Quarterly Data
	Jun07	Sep07	Dec07	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	0.26

WB Burgers Asia (OTCPK:WBBAD) 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.

WB Burgers Asia Long-Term Capital Lease Obligation Related Terms

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WB Burgers Asia (WB Burgers Asia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » WB Burgers Asia Inc (OTCPK:WBBAD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

780 Reservoir Avenue, Suite 123, Cranston, RI, USA, 02910

Website

http://interactiveleisuresystems.com

WB Burgers Asia Inc establishes and operates Wayback Burgers restaurants in Japan.

Executives

Kiyoshi Noda	10 percent owner	ROOM 301 1-35-19 NERIMA-KU, NERIMA, TOKYO M0 176-0001
Koichi Ishizuka	director, 10 percent owner, officer: CEO, CFO, President	3-1-21, CHUO, NAKANO-KU, TOKYO M0 164-0011
White Knight Co., Ltd.	10 percent owner	3F K MINAMIAOYAMA, 6-6-20 MINAMIAOYAMA, MINATO-KU, TOKYO M0 107-0062
Yuma Muranushi	10 percent owner	ROOM 202 3-5-1 HIGASHI AZABU, MINATO-KU, TOKYO M0 106-0044
Flint Consulting Services, Llc	10 percent owner	780 RESERVOIR AVE #123, CRANSTON RI 029910

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