Economic and mathematical analysis of efficiency leasing in the electronic industry

The article, using the example of electronic industry enterprises, examines the operation of financial leasing of high-tech equipment to upgrade fixed assets in order to produce competitive products. An analysis is made of the effectiveness of the use of equipment necessary for the production of leased (rented) equipment as a special investment project implemented by the lessee, in which rental payments are an investment part of the project, and the profit from the sale of manufactured products makes up its profitable part. Analytical indicators of reduced net income and profitability index are supplemented by a payback period indicator, for the calculation of which a laborious recursive-logical procedure is used in practice. To obtain an analytical expression of the payback period, an original technique was used based on replacing a discrete payment stream with a financially equivalent continuous stream of payments. The obtained analytical formula made it possible to determine the fundamental economic and mathematical conditions for the payback of this operation for the lessee.