Long-Term Capital Lease Obligations are essentially
identical to Long-Term Notes Payable. You just sign a lease contract instead of
a promissory note (although both have basically the same meaning). Therefore,
you analyze these obligations in essentially the same way as you analyze your
Notes Payable.
The only other issue worth mentioning is that you always have a choice – lease or take a
loan. Both can be arranged by your supplier or a bank or a special financing
company. Obviously, you must choose the best one from financial value
perspective.
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