Are you referring to US GAAP? A workaround could be to calculate and state two net debts; one with and one without lease liabilities. And make clear in the notes what was done. Lease assets should surely be left out in both cases as assets are not included in debt calculations. I agree IFRS is really confusing in this regard.
Nobody calculated net debt this way before IFRS made the changes. Nor do they under GAAP. Because it's total hogwash. And what about the corresponding Lease assets?
Are you referring to US GAAP? A workaround could be to calculate and state two net debts; one with and one without lease liabilities. And make clear in the notes what was done. Lease assets should surely be left out in both cases as assets are not included in debt calculations. I agree IFRS is really confusing in this regard.
Nobody calculated net debt this way before IFRS made the changes. Nor do they under GAAP. Because it's total hogwash. And what about the corresponding Lease assets?