Kuaishou Technology (HKSE:01024) Long-Term Capital Lease Obligation : HK$9,193 Mil (As of Dec. 2023)

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What is Kuaishou Technology Long-Term Capital Lease Obligation?

Kuaishou Technology's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$9,193 Mil.

Kuaishou Technology's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$8,965 Mil) to Sep. 2023 (HK$8,779 Mil) but then increased from Sep. 2023 (HK$8,779 Mil) to Dec. 2023 (HK$9,193 Mil).

Kuaishou Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$12,342 Mil) to Dec. 2022 (HK$9,739 Mil) and declined from Dec. 2022 (HK$9,739 Mil) to Dec. 2023 (HK$9,193 Mil).

Kuaishou Technology Long-Term Capital Lease Obligation Historical Data

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

Kuaishou Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,658.71

4,277.09

12,342.44

9,738.87

9,193.21

Kuaishou Technology Quarterly Data
	Dec17	Dec18	Sep19	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															9,738.87	9,288.50	8,964.63	8,779.03	9,193.21

Kuaishou Technology (HKSE:01024) 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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Kuaishou Technology (HKSE:01024) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Kuaishou Technology (HKSE:01024) » Definitions » Long-Term Capital Lease Obligation

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KSHTY:USA KUASF:USA 5Y0:Germany 5Y0:Germany

Address

No. 6, Shangdi West Road, Building 1, Haidian District, Beijing, CHN, 100085

Website

https://www.kuaishou.com

Kuaishou Technology is a social media platform on which users can share short-form videos that are up to 5 minutes long. The audience engages with the platform by looking at different videos on demand at any time, similar to TikTok. About 52% of revenue is generated from advertising, mainly in the form of targeted ads related to the video content—known as closed-loop ads—but also from outside unrelated brands. Kuaishou also generates livestream revenue by selling virtual gifts to fans that are donated to performers. It also has livestreaming e-commerce, where users purchase products related to the video, generating commission from each transaction. Kuaishou competes mainly with ByteDance's Douyin, as both are short-form video platforms. Tencent owns 19% of Kuaishou.

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