Subject. Being a progressive investment mechanism, leaseback is a part of financial management. It is supposed to optimize the financial position of the entity. The article discusses financial and economic indicators (ratios) that help analyze how the financial position of the company changes due to the leaseback scheme. Objectives. We herein determine how leaseback influences the financial position of the entity. For this, we describe key financial and economic indicators (ratios) by evaluating the feasibility of investment in leaseback. The study is also intended to observe how financial flows change due to the leaseback mechanism. We also examine changes in financial and economic ratios of the financial position due to leaseback mechanism. Methods. We resort to general methods of research, such as comparative analysis, synthesis, induction and deduction, thus deriving reliable and reasonable results. Results. We found out that the leaseback feasibility evaluation technique is indispensable without observing changes in financial flows and financial and economic indicators (ratios) that show the financial position and performance of a business. The article indicators key aspects to evaluate the financial feasibility of investment in leaseback, describe how it changes due to the leaseback mechanism. We also produce model assessments, referring to the leaseback deal of a certain company operating in coal mining, thus revealing the positive effect of leaseback on the financial position of the company. Conclusions and Relevance. The construction and use of the leaseback feasibility study technique justifies the choice of leaseback as an investment mechanism, which has positive effects on the financial position. Having assessed financial and economic indicators (ratios), we revealed the efficiency and feasibility of leaseback for a company that needs to replenish its working capital. The findings can be used to make reasonable investment decisions, when pondering on an appropriate corporate financing mechanism.
Gainetdinov M. [Leasing is a profitable form of doing business]. Khozyaistvo i pravo = Businss and Law, 1994, no. 8, pp. 30–40. (In Russ.)
Ivanova N.E., Mironova A.P. [Problems of the leasing market in Russia]. Ekonomika i upravlenie v XXI veke: tendentsii razvitiya = Economics and Management in the 21st Century: Development Trends, 2015, no. 20, pp. 89–93. URL: Link (In Russ.)
Weidner J. Synthetic Leases: Structured Finance, Financial Accounting and Tax Ownership. Public Law and Legal Theory Working Paper, 2000, pp. 445–487. URL: Link
Dolgushina Yu.B. [Leaseback]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2003, no. 2, p. 20. URL: Link (In Russ.)
Kokurin A.V. [The need and conditions for the leaseback development in Russia]. Aktual'nye voprosy ekonomicheskikh nauk = Actual Issues of Economic Sciences, 2009, no. 9-1, pp. 94–102. URL: Link (In Russ.)
Fedulova E.A., Vakutin N.A. [Organizational and economic aspects of substantiating the development concept of sale and leaseback in the Russian Federation]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2017, vol. 13, no. 7, pp. 1320–1332. (In Russ.) URL: Link
Ivanchenko M.O. [The essence of return leasing]. Gumanitarnye, sotsial'no-ekonomicheskie i obshchestvennye nauki = Humanities, Socio-Economic and Social Sciences, 2015, no. 10-2, pp. 37–39. URL: Link (In Russ.)
Vakutin N.A., Fedulova E.A. [Developing the accounting policy elements, providing the conditions for leaseback as a tool of a corporate finance management]. Mezhdunarodnyi bukhgalterskii uchet =International Accounting, 2018, vol. 21, no. 3, pp. 254–270. (In Russ.) URL: Link
Krokhicheva G.E., Sysoeva I.V., Serpukhovitina Yu.B. [Management of financial indicators in the analysis of financial stability of enterprise]. Kant, 2016, no. 4, pp. 132–136. URL: Link (In Russ.)
Demchenko V.A. [Comparative characteristics of basic financial indicators reflecting the financial condition of the organization]. Ekonomika i biznes: teoriya i praktika = Economics and Business: Theory and Practice, 2019, no. 5-1, pp. 162–166. (In Russ.) URL: Link
Bubnovskaya T.V., Levkina E.V., Yakimova M.D. [Analysis of relative indicators of financial stability]. Karel'skii nauchnyi zhurnal = Karelian Scientific Journal, 2017, vol. 6, no. 4, pp. 312–314. URL: Link (In Russ.)
Doronina F.Kh. [Indicators for assessing the financial condition of the organization and their relationship]. Simvol nauki = Symbol of Science, 2017, vol. 1, no. 2, pp. 47–50. URL: Link (In Russ.)
Fedotenkova O.A. [Evaluating the financial position of entities to ensure their economic security]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2018, vol. 14, no. 1, pp. 78–96. (In Russ.) URL: Link
Sal'kova O.S. [Financial stability and methods of its assessment for applying it to the corporate financial management]. Upravlencheskii uchet = Management Accounting, 2015, no. 12, pp. 62–68. (In Russ.)
Vinnikova I.S. [Some aspects of optimization of the financial condition of the enterprise]. Problemy sovremennoi ekonomiki (Novosibirsk) = Problems of Modern Economics (Novosibirsk), 2014, no. 21, pp. 107–111. (In Russ.)
Ioda Yu.V., Shishkina Yu.G. [Mechanisms of management and providing financial stability of the enterprise]. Sotsial'no-ekonomicheskie yavleniya i protsessy = Socio-Economic Phenomena and Processes, 2017, vol. 12, no. 6, pp. 93–98. URL: Link (In Russ.)
Afanas'eva I.I., Tret'yachenko T.V. [Formation of the methodological base of financial management in modern economic conditions]. A-faktor: nauchnyeissledovaniya i razrabotki (gumanitarnye nauki), 2020, no. 2, p. 5. URL: Link (In Russ.)
Oganova M.A. [Sources of the need in working capital and the assessment technique]. Tavricheskii nauchnyi obozrevatel', 2016, no. 7, pp. 159–165. URL: Link (In Russ.)
