Vonage Holdings (STU:V1Y) Long-Term Capital Lease Obligation : €31 Mil (As of Mar. 2022)

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What is Vonage Holdings Long-Term Capital Lease Obligation?

Vonage Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2022 was €31 Mil.

Vonage Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2021 (€29 Mil) to Dec. 2021 (€29 Mil) and increased from Dec. 2021 (€29 Mil) to Mar. 2022 (€31 Mil).

Vonage Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (€41 Mil) to Dec. 2020 (€25 Mil) but then increased from Dec. 2020 (€25 Mil) to Dec. 2021 (€29 Mil).

Vonage Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vonage Holdings'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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Vonage Holdings Long-Term Capital Lease Obligation Chart

Vonage Holdings Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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41.15

25.50

28.91

Vonage Holdings Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															32.21	30.45	28.78	28.91	30.91

Vonage Holdings (STU:V1Y) 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.

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Vonage Holdings (STU:V1Y) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vonage Holdings Corp (STU:V1Y) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Main Street, Holmdel, NJ, USA, 07733

Website

https://www.vonage.com

Vonage Holdings Corp is a North American technology company that provides cloud communication services to businesses and consumers. For businesses, the company provides unified communications (as a service), which consists of integrated voice, text, video, data, and mobile applications over Voice over Internet Protocol network. Its reportable operating segments include Vonage Communications Platform and Consumer. For consumer service customers, there is a home telephone replacement service. This can include services such as voicemail, call waiting, and call forwarding. This service is delivered over the Internet. The company generates most of its revenue within the United States.

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