Vianet Group (LSE:VNET) Long-Term Capital Lease Obligation : £0.12 Mil (As of Sep. 2023)

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What is Vianet Group Long-Term Capital Lease Obligation?

Vianet Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.12 Mil.

Vianet Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (£0.00 Mil) to Mar. 2023 (£0.12 Mil) and increased from Mar. 2023 (£0.12 Mil) to Sep. 2023 (£0.12 Mil).

Vianet Group's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2021 (£0.00 Mil) to Mar. 2022 (£0.00 Mil) but then increased from Mar. 2022 (£0.00 Mil) to Mar. 2023 (£0.12 Mil).

Vianet Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vianet Group'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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Vianet Group Long-Term Capital Lease Obligation Chart

Vianet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

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Mar20

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Mar23

Long-Term Capital Lease Obligation

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0.04

0.12

Vianet Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.12	0.12

Vianet Group (LSE:VNET) 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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Vianet Group (LSE:VNET) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vianet Group PLC (LSE:VNET) » Definitions » Long-Term Capital Lease Obligation

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Address

One Surtees Way, Surtees Business Park, Stockton on Tees, GBR, TS18 3HR

Website

http://www.vianetplc.com

Vianet Group PLC is a provider of actionable management information and business insight created by combining data from the smart Internet of Things solutions and external information sources. Smart Zones include Data insight and actionable data services as well as design, product development, sale and rental of fluid monitoring equipment. The business of the group is divided into two divisions: Smart Machines and Smart Zones. It generates maximum revenue from the Smart Zones segment. Geographically, it derives maximum of the revenue from the United Kingdom and has a presence in the Rest of Europe and the United States/Canada.