Kanzhun (Kanzhun) Long-Term Capital Lease Obligation : $17.5 Mil (As of Dec. 2023)

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What is Kanzhun Long-Term Capital Lease Obligation?

Kanzhun's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $17.5 Mil.

Kanzhun's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($16.4 Mil) to Sep. 2023 ($14.9 Mil) but then increased from Sep. 2023 ($14.9 Mil) to Dec. 2023 ($17.5 Mil).

Kanzhun's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($28.8 Mil) to Dec. 2022 ($20.6 Mil) and declined from Dec. 2022 ($20.6 Mil) to Dec. 2023 ($17.5 Mil).

Kanzhun Long-Term Capital Lease Obligation Historical Data

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

Kanzhun Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

5.37

11.68

28.79

20.60

17.52

Kanzhun Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												20.60	18.13	16.45	14.89	17.52

Kanzhun (NAS:BZ) 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.

Kanzhun Long-Term Capital Lease Obligation Related Terms

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Kanzhun (Kanzhun) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kanzhun Ltd (NAS:BZ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

02076:Hong Kong 8JN0:Germany

Address

Taiyanggong Middle Road, 18th Floor, GrandyVic Building, Chaoyang District, Beijing, CHN, 100020

Website

https://www.zhipin.com

Kanzhun's Boss Zhipin job platform connects job seekers and employers. Boss Zhipin is China's largest online recruitment platform based on average number of monthly active users, or MAU, and was established in 2014. Kanzhun earns revenue by providing services to enterprise customers primarily through its mobile app, which promotes direct messaging between recruiters and workers and operates on a recommendation basis powered by artificial intelligence. The platform specializes in transportation, logistics, construction, and service-based industries. About 85% of the companies looking to hire are small and medium-size enterprises. Its main competitors are 58.com, 51job, and Zhilian Zhaopin. Tencent has a 9.2% stake in Kanzhun.