The Loan Life Cover Ratio (LLCR) is one of the ratios used to assess the project company’s ability to repay its debt.
The Debt Service Coverage Ratio (DSCR) is the most commonly used ratio in Project Finance. It is a periodic measure of a project company’s ability to meet its debt obligations.
A Debt Service Reserve Account (DSRA) is normally required by the lending banks if you are looking for project financing
In the world of Project Finance, a project’s capacity to generate cash is at its core. Cash Flow Available for Debt Service (CFADS) is a measurement of precisely this.
A couple of days ago the shortcut Alt+F11 stopped working in Excel on my laptop. I use this almost hourly to open up the Visual Basic Editor (VBE) and had become so used to using it that the frustration of not having it got me fuming… Time to put on my deerstalker and light up my pipe.
Tim Martin, Wetherspoon’s chairman (and vocal advocate of Brexit) says he’s ready for Brexit and isn’t worried about a ‘no-deal’ cliff edge. How ready are you?