Vantage Towers AG (Vantage Towers AG) Long-Term Capital Lease Obligation : $1,875 Mil (As of Mar. 2023)

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What is Vantage Towers AG Long-Term Capital Lease Obligation?

Vantage Towers AG's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $1,875 Mil.

Vantage Towers AG's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 ($1,937 Mil) to Sep. 2022 ($1,761 Mil) but then increased from Sep. 2022 ($1,761 Mil) to Mar. 2023 ($1,875 Mil).

Vantage Towers AG's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($2,112 Mil) to Mar. 2022 ($1,937 Mil) and declined from Mar. 2022 ($1,937 Mil) to Mar. 2023 ($1,875 Mil).

Vantage Towers AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vantage Towers AG'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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Vantage Towers AG Long-Term Capital Lease Obligation Chart

Vantage Towers AG Annual Data

Trend

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

2,112.38

1,937.00

1,875.27

Vantage Towers AG Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			2,112.38	2,090.00	1,937.00	1,761.09	1,875.27

Vantage Towers AG (OTCPK:VTAGY) 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.

Vantage Towers AG Long-Term Capital Lease Obligation Related Terms

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Vantage Towers AG (Vantage Towers AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vantage Towers AG (OTCPK:VTAGY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

VTWR:Germany

Address

Prinzenallee 11-13, Dusseldorf, NW, DEU, 40549

Website

https://www.vantagetowers.com

Vantage is the tower arm of Vodafone, spun off in 2021. Vantage fully owns 45,000 towers in Germany, Spain, Greece, and other European countries. Vantage also owns stakes in Inwit (22,000 towers, Vantage owns 33% stake), the Italian tower operator resulting from the merger of Vodafone and Telecom Italia's towers in the region, and Cornerstone (14,000 towers, 50% stake) a tower joint venture in the U.K. with Telefonica.

Vantage Towers AG (Vantage Towers AG) Headlines

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