Operating Lease
A lease that under IFRS 16 and ASC 842 now sits on the balance sheet as a right-of-use asset and a lease liability. Whether to treat that liability as debt in the EV bridge is a live judgement: it is a contractual fixed obligation, but treating it as debt while leaving lease costs inside EBITDA double-counts. Pick one treatment, apply it to every company in the comp set, and say which you chose.
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This term comes up constantly in accounting interviews and on the desk.
IB technical questions guideRelated Accounting terms
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