Verizon Communications (XKAZ:VZ_KZ) Long-Term Capital Lease Obligation : $19,247 Mil (As of Sep. 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 Sep. 2024 was $19,247 Mil.

Verizon Communications's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($19,654 Mil) to Jun. 2024 ($19,456 Mil) and declined from Jun. 2024 ($19,456 Mil) to Sep. 2024 ($19,247 Mil).

Verizon Communications's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($23,203 Mil) to Dec. 2022 ($21,558 Mil) and declined from Dec. 2022 ($21,558 Mil) to Dec. 2023 ($20,002 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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18,393.00

18,000.00

23,203.00

21,558.00

20,002.00

Verizon Communications Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															20,773.00	20,002.00	19,654.00	19,456.00	19,247.00

Verizon Communications (XKAZ:VZ_KZ) 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 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Verizon Communications Inc (XKAZ:VZ_KZ) » 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

Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 30 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 agreed to acquire Frontier Communications in September 2024.

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