> EV, for example, is susceptible to distortion between leasing and buying capital assets. Yes, this is an excellent point. The next-level thing to do when mod

> EV, for example, is susceptible to distortion between leasing and buying capital assets. Yes, this is an excellent point. The next-level thing to do when modeling companies that make extensive use of operating leases for capital assets is to capitalize those operating leases, for exactly this reason.