VNET Group (VNET Group) Total Liabilities : $3,011 Mil (As of Mar. 2024)

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What is VNET Group Total Liabilities?

VNET Group's Total Liabilities for the quarter that ended in Mar. 2024 was $3,011 Mil.

VNET Group's quarterly Total Liabilities increased from Sep. 2023 ($3,157.44 Mil) to Dec. 2023 ($3,343.26 Mil) but then declined from Dec. 2023 ($3,343.26 Mil) to Mar. 2024 ($3,011.32 Mil).

VNET Group's annual Total Liabilities increased from Dec. 2021 ($2,432.61 Mil) to Dec. 2022 ($2,863.94 Mil) and increased from Dec. 2022 ($2,863.94 Mil) to Dec. 2023 ($3,343.26 Mil).

VNET Group Total Liabilities Historical Data

The historical data trend for VNET Group's Total 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 Total Liabilities Chart

VNET Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Liabilities

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1,289.20

1,907.89

2,432.61

2,863.94

3,343.26

VNET Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Liabilities	Get a 7-Day Free Trial															3,116.16	3,059.25	3,157.44	3,343.26	3,011.32

VNET Group Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

VNET Group's Total Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1601.794	+	(1584.515	+	40.217
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	116.73	+	0)
	=	3,343

Total Liabilities	=	Total Assets (A: Dec. 2023 )	-	Total Equity (A: Dec. 2023 )
	=	4255.61	-	912.353
	=	3,343

VNET Group's Total Liabilities for the quarter that ended in Mar. 2024 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1122.604	+	(1732.999	+	39.387
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	116.331	+	0)
	=	3,011

Total Liabilities	=	Total Assets (Q: Mar. 2024 )	-	Total Equity (Q: Mar. 2024 )
	=	3908.799	-	897.478
	=	3,011

VNET Group Total 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 » Total Liabilities

Comparable Companies

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.