VNET Group (VNET Group) Other Long-Term Liabilities : $40 Mil (As of Dec. 2023)

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What is VNET Group Other Long-Term Liabilities?

VNET Group's other long-term liabilities for the quarter that ended in Dec. 2023 was $40 Mil.

VNET Group's quarterly other long-term liabilities declined from Jun. 2023 ($12 Mil) to Sep. 2023 ($12 Mil) but then increased from Sep. 2023 ($12 Mil) to Dec. 2023 ($40 Mil).

VNET Group's annual other long-term liabilities increased from Dec. 2021 ($12 Mil) to Dec. 2022 ($13 Mil) and increased from Dec. 2022 ($13 Mil) to Dec. 2023 ($40 Mil).

VNET Group Other Long-Term Liabilities Historical Data

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

VNET Group Annual Data

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Other Long-Term Liabilities

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VNET Group Quarterly Data
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VNET Group Other Long-Term Liabilities Calculation

Other Long-Term Liabilities are the other liabilities on the balance sheet that do not need to be repaid within the next 12 months, but still need to be repaid over time. For instance, on Wal-Mart's balance sheet, there are items called Long Term obligations under capital leases, deferred income taxes, and redeemable non-controlling interest. These are all Other Long-Term Liabilities.

VNET Group Other Long-Term Liabilities 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 » Other Long-Term Liabilities

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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.