A large chunk of the long term debt of ckf are the leases that they pay to operate their fast food stores. Its near 500mil. These can only be expected to go up with higher inflation and interest rates.
from a layman point of view rent may not be considered debt. But it is debt according to accounting rules.
I would love to hear some input from savvy investors or an accountant. Iam hardly qualified to decipher the debt risk. And hence why I have sold.
CKF Price at posting:
$9.83 Sentiment: None Disclosure: Not Held
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