Course curriculum

  • 1

    Covenants Introduction

    • Course Introduction

    • Learning Objectives

    • Download Course Presentation

    • What Is a Covenant

    • Positive vs Negative Covenants

    • Financial vs Non-Financial Covenants

    • Monitoring Covenants

    • Interactive Exercise 1

  • 2

    Common Covenant Metrics

    • Key Financial Covenant Ratios

    • Total Liabilities to Equity Ratio / Debt to Equity

    • Debt Service Coverage Ratio (DSCR)

    • Working Capital Ratio / Current Ratio

    • Debt to EBITDA Ratio

    • Interactive Exercise 2

    • Interest Coverage Ratio

    • Quick Ratio

    • Fixed Charge Coverage Ratio (FCCR)

    • Other Types of Financial Covenants

    • Reporting Covenants

    • Interactive Exercise 3

  • 3

    Loan Covenants Case Study

    • Financial Covenants Case Brief

    • Financial Covenants Case Study Note

    • Download Case Study Model

    • Financial Statements and Metrics Overview

    • Company Overall Financial Performance

    • Liquidity Metrics

    • Leverage Metrics

    • Funded Debt to EBITDA Ratio

    • Coverage Metrics Part 1

    • Coverage Metrics Part 2

    • Fixed Charge Coverage Ratio

    • Debt Service Coverage Ratio

    • Loan Overview

    • Loan Structure

    • Fixed Charge Coverage Ratio Adjustment

    • Loan Impact on Credit Metrics and Covenants

    • Loan Stress Test

    • Covenant Modeling Charts

    • Completed Model Review

    • Download the Completed Model

  • 4

    Conclusion

    • Next Steps

    • Conclusion

  • 5

    Qualified Assessments

    • Qualified Assessment

    • Share Your Feedback

    • Course Completion