structural:expansion, stylistic:style_transfer
Impact of New Lease Accounting Rules

The U.S. Securities and Exchange Commission (SEC) in 2005 estimated that companies had approximately $1.25 trillion of operating lease commitments. By 2015, estimates had risen to $2 trillion. While the FASB specified that operating lease liabilities should be considered "non-debt liabilities," so that they should not affect debt ratios and most loan covenants, the addition of an equal asset and liability will reduce most companies' quick ratio, while the fact that an operating lease creates a current liability but not a current asset reduces the current ratio. Companies expected to be most affected include retail chains and airlines.