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Your Credit Agreement.
- Source :
- Prosales; Jun/Jul2013, Vol. 25 Issue 5, p30-30, 1p
- Publication Year :
- 2013
-
Abstract
- The article offers information on two primary financial covenants in the revolving line of credit (LOC) agreement of a business. It mentions the fixed-charge coverage ratio and the tangible net worth ratio defining business performance that should remain within the business loan. It also notes the importance of having maximum flexibility of the business with a substantial tangible net worth loan pro forma and the interest expense added to debt principal payments.
Details
- Language :
- English
- ISSN :
- 10553444
- Volume :
- 25
- Issue :
- 5
- Database :
- Complementary Index
- Journal :
- Prosales
- Publication Type :
- Periodical
- Accession number :
- 89045709