Currently, companies are facing an increasingly competitive world as a result of globalization, which is manifested in the formation of economic blocs, technological development and in a more demanding demand and greater tax control, among others. The main objective of this article is to analyze the influence of financial leasing in Panama and on the profitability indicators to value the contract options.The most relevant conclusion is that the company obtains greater tax savings by using the leasing instead of the loan and financially it provides the companies with greater liquidity and profitability due to the greater tax shield (accelerated depreciation), at the same time it generates less debt, since the sale value of the asset is financed.