VNET Group (VNET Group) Long-Term Debt : $964 Mil (As of Dec. 2023)

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What is VNET Group Long-Term Debt?

VNET Group's Long-Term Debt for the quarter that ended in Dec. 2023 was $964 Mil.

VNET Group's quarterly Long-Term Debt increased from Jun. 2023 ($764 Mil) to Sep. 2023 ($872 Mil) and increased from Sep. 2023 ($872 Mil) to Dec. 2023 ($964 Mil).

VNET Group's annual Long-Term Debt increased from Dec. 2021 ($1,018 Mil) to Dec. 2022 ($1,278 Mil) but then declined from Dec. 2022 ($1,278 Mil) to Dec. 2023 ($964 Mil).

VNET Group Long-Term Debt Historical Data

The historical data trend for VNET Group's Long-Term Debt 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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VNET Group Long-Term Debt Chart

VNET Group Annual Data

Trend

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Dec21

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Dec23

Long-Term Debt

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305.15

596.56

1,017.69

1,277.90

964.04

VNET Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Debt	Get a 7-Day Free Trial															1,277.90	776.39	764.26	872.14	964.04

VNET Group (NAS:VNET) Long-Term Debt Explanation

Long-Term Debt is the sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer. Long-Term Debt includes notes payable, bonds payable, mortgage loans, convertible debt, subordinated debt and other types of long term debt.

VNET Group Long-Term Debt Related Terms

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VNET Group (VNET Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VNET Group Inc (NAS:VNET) » Definitions » Long-Term Debt

Comparable Companies

Traded in Other Exchanges

217A:Germany

Address

No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016

Website

https://www.vnet.com

VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At end-September 2023 it had 84,608 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,314 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.