Verizon Communications (BSP:VERZ34) Long-Term Capital Lease Obligation : R$97,873 Mil (As of Mar. 2024)

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What is Verizon Communications Long-Term Capital Lease Obligation?

Verizon Communications's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$97,873 Mil.

Verizon Communications's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (R$102,592 Mil) to Dec. 2023 (R$98,006 Mil) and declined from Dec. 2023 (R$98,006 Mil) to Mar. 2024 (R$97,873 Mil).

Verizon Communications's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (R$131,211 Mil) to Dec. 2022 (R$113,080 Mil) and declined from Dec. 2022 (R$113,080 Mil) to Dec. 2023 (R$98,006 Mil).

Verizon Communications Long-Term Capital Lease Obligation Historical Data

The historical data trend for Verizon Communications'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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Verizon Communications Long-Term Capital Lease Obligation Chart

Verizon Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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75,494.07

92,604.60

131,210.65

113,080.33

98,005.80

Verizon Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															110,958.81	100,690.01	102,591.62	98,005.80	97,872.99

Verizon Communications (BSP:VERZ34) 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.

Verizon Communications Long-Term Capital Lease Obligation Related Terms

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Verizon Communications (BSP:VERZ34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Verizon Communications Inc (BSP:VERZ34) » Definitions » Long-Term Capital Lease Obligation

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Address

1095 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.verizon.com

Verizon Communications is primarily a wireless business (it provides about 70% of service revenue and nearly all operating income). It serves about 92 million postpaid and 22 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.

Verizon Communications (BSP:VERZ34) Headlines

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