Busan Leasing Company was a steady growing financial firm with positive net income in most years since 1985 when it was established. However, it suddenly experienced a minus net income of 6.8 billion won in 1996. The reason of its deficit was known to be the financial distress of its two major leasing contracts. The total amount of two contracts was 58 billion won witch is about 8% of total amount of its leasing contracts. In this case, we analyse how the disability of lease payments from the two leasing contracts influence Busan Leasing Company's financial stability, growth opportunity, and profitability. Specifically, by performing ROI analyse, we point out the financial reasons of Busan Leasing Company's deficit in 1996. We also perform ex-ante cash flow analysis to predict the possibility of Busan Leasing Company's earning positive net income.