filter post by
Showing all blog

Cash sweep analysis in project finance

Stand-alone cash sweep analysis is an alternative metric for refinance risk and repayment ability in cash flow models for project finance. This tutorial outlines the key features of a modelling cash sweep calculation and its application in analysis of a project finance model.

Learn More

Excel Keyboard shortcuts – download your Excel shortcuts PDF

In the world of financial modelling, you simply cannot survive without Excel keyboard shortcuts. To assist Excel users, Corality has compiled a list of productivity increasing Excel shortcuts.

Learn More

PLCR – Project Life Cover Ratio

The project life coverage ratio (PLCR) is a commonly used debt metric in project finance. Together with the debt service coverage ratio (DSCR) and loan life coverage ratio (LLCR), these debt metrics, in one form or another, usually appear in project finance term sheets and loan documentation, so they need to be modelled clearly and accurately.

Learn More

CFADS – Cash flow available for debt service

A project’s cash flow available for debt service (CFADS) is analysed by project lenders (senior debt banks) to determine debt sizes and repayment criteria. CFADS is an important measure that determines debt repayment calculations and ratios including debt service coverage ratio (DSCR), loan life coverage ratio (LLCR) and project life coverage ratio (PLCR).

Learn More

LLCR - Loan life coverage ratio

The loan life coverage ratio or loan life cover ratio (LLCR) is one of the most commonly used debt metrics in project finance and also often used in corporate debts. Unlike period-on-period measures such as the debt service cover ratio (DSCR), the LLCR provides the lenders with a measure of the number of times the project cash flow over the scheduled life of the loan can repay the outstanding debt balance.

Learn More