Second, the operating leasing business bears the brunt.
First of all, the lessee's debt repayment index is adversely affected. The Shuang Sheng of assets and liabilities leads to the increase of asset-liability ratio, and the confirmation of liabilities leads to the increase of interest payable, which in turn leads to the decrease of interest guarantee multiple; Secondly, the operating indicators are adversely affected, and the confirmation of the right to use assets makes the total assets bigger, which in turn leads to the decline of asset turnover rate; Thirdly, in the initial stage of lease, net assets and earnings per share are also adversely affected, mainly because the depreciation of right-to-use assets generally adopts the straight-line method. However, under the common matching rent mode, the repayment of the debt principal is less at the beginning of the lease, but the interest expense is more. The decrease of assets is higher than the decrease of liabilities, which will lead to the decline of net assets at the beginning of the lease, the interest expense will reduce profits, and the earnings per share will decline.
Third, the financial leasing business has also been affected.
Four, it is difficult for leasing companies to apply accounting treatment exemption
Five, the stock leasing business must also be adjusted according to the new standards.
6. Compared with bank credit, leasing business still has obvious advantages.
Seven. The new standard brings the benefits of deferred tax payment to the lessee in operation.