Universal Music Group NV (Universal Music Group NV) Short-Term Capital Lease Obligation : $94 Mil (As of Dec. 2023)

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What is Universal Music Group NV Short-Term Capital Lease Obligation?

Universal Music Group NV's Short-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $94 Mil.

Universal Music Group NV's quarterly Short-Term Capital Lease Obligation increased from Dec. 2022 ($82 Mil) to Jun. 2023 ($90 Mil) and increased from Jun. 2023 ($90 Mil) to Dec. 2023 ($94 Mil).

Universal Music Group NV's annual Short-Term Capital Lease Obligation declined from Dec. 2021 ($90 Mil) to Dec. 2022 ($82 Mil) but then increased from Dec. 2022 ($82 Mil) to Dec. 2023 ($94 Mil).

Universal Music Group NV Short-Term Capital Lease Obligation Historical Data

The historical data trend for Universal Music Group NV's Short-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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Universal Music Group NV Short-Term Capital Lease Obligation Chart

Universal Music Group NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Capital Lease Obligation

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95.56

94.89

90.40

81.57

93.78

Universal Music Group NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Short-Term Capital Lease Obligation	Get a 7-Day Free Trial					90.40	83.51	81.57	89.92	93.78

Universal Music Group NV Short-Term Capital Lease Obligation Explanation

Short-Term Capital Lease Obligation represents the total amount of Long-Term Capital Lease Obligation that must be paid within the next accounting period. Capital lease obligations are contractual obligations that arise from obtaining the use of property or equipment via a capital lease contract.

Universal Music Group NV Short-Term Capital Lease Obligation Related Terms

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Universal Music Group NV (Universal Music Group NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (OTCPK:UMGNF) » Definitions » Short-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

UNVGY:USA UMG:Netherlands UMGa:UK 0VD:Germany UMG:Austria

Address

Gravelandseweg 80, Hilversum, NH, NLD, 1217 EW

Website

https://www.universalmusic.com

Universal Music Group is the largest of the three major global record labels with Sony Music in second and Warner Music in third. Universal's larger segment, recorded music, consists of iconic labels like Interscope, Capitol Music, Decca, EMI, and Motown and popular artists such as Drake, Taylor Swift, J Balvin, and Luke Bryan. Universal Music Publishing Group owns and administers almost 4 million compositions and is the second-largest music publisher behind Sony. Universal Music was spun out of Vivendi in September 2021, with 60% distributed to Vivendi shareholders, 20% to Tencent, 10% to Pershing Square Capital, and 10% remaining at Vivendi.