结论：比起operating lease来，capital lease 的working capital 会高。这是为什么。

我觉得是一样。

第一年lease payment时(比方说是1,000)

operating lease变化： cash decrease 1,000,  retained earning decrease 1,000, working capital decrease 1,000

capital lease变化： cash decrease :  interest expense  ,   currunt portion of long debt and lease payment (current liability)decrease:  the change in the lease liability  

                                  working capitial decrease  ( interest expense  +the change in the lease liability   )=lease payment=1,000

谢谢指教

capital lease的working capital应该比operating lease的低阿，因为两者current assets是一样的，但是capital lease会增加current liabilities，这样working capital(CA-CL)就应该是capital lease低。

working capital是balance sheet概念，和cash flow还有income statement没有直接关系的