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标题: 请高手指教,一个level 1的问题 [打印本页]

作者: coolqiqi    时间: 2007-5-11 18:34     标题: 请高手指教,一个level 1的问题

结论:比起operating lease来,capital lease 的working capital 会高。这是为什么。

我觉得是一样。

第一年lease payment时(比方说是1,000)

operating lease变化: cash decrease 1,000,  retained earning decrease 1,000, working capital decrease 1,000

capital lease变化: cash decrease :  interest expense  ,   currunt portion of long debt and lease payment (current liability)decrease:  the change in the lease liability  

                                  working capitial decrease  ( interest expense  +the change in the lease liability   )=lease payment=1,000

谢谢指教


作者: jarodmeng    时间: 2007-5-13 16:53

capital lease的working capital应该比operating lease的低阿,因为两者current assets是一样的,但是capital lease会增加current liabilities,这样working capital(CA-CL)就应该是capital lease低。

working capital是balance sheet概念,和cash flow还有income statement没有直接关系的






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