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October 22, 2024

Cost of Debt Formula & Calculator: Estimate Your Interest Payments

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Cost of debt is a figure that shows how much you’ll pay for borrowing funds. It can be calculated as either an annual pre-tax percentage or an annual after-tax figure by using your company’s tax rate. The pre-tax figure can be calculated by taking the

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August 14, 2024

What Is Debt-to-Income Ratio & How to Calculate It

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Debt-to-income (DTI) ratio is a measure of your monthly debt obligations in relation to your monthly income. It’s calculated by taking the total dollar amount of your monthly debt payments, and then dividing it by your gross monthly income. Lenders often evaluate your DTI ratio to

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July 25, 2024

Current Ratio: What It Is & How It Works [+ Calculator]

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The current ratio, also commonly referred to as the working capital ratio, evaluates whether a company can cover its current liabilities with its current assets. The current ratio formula divides a company’s current assets by its current liabilities. It’s a useful calculation that can be

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July 25, 2024

Fixed Charge Coverage Ratio: What It Is & How to Calculate

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Fixed charge coverage ratio (FCCR) measures a company’s ability to cover its fixed expenses from its earnings. Lenders may evaluate this as one of several factors in determining whether you qualify for a loan, as well as what interest rate and loan terms you qualify

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July 24, 2024

Borrowing Base: What It Is & How to Calculate [+ Calculator]

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Borrowing base is a figure that refers to the largest loan amount you can get from a lender. It applies to secured loans and is calculated by taking the lender’s advance rate (sometimes also referred to as its loan-to-value limit) and multiplying it by the

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July 18, 2024

How to Write an SBA Business Plan [+Free Template]

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If you are applying for a loan through the Small Business Administration (SBA), a business plan will likely be a required component of your loan application. Your SBA business plan should provide an overview of your company’s goals and how it plans to achieve them. There

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July 18, 2024

What Is ARV: After Repair Value Formula & How to Calculate

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A property’s after repair value (ARV) is a home’s estimated value after repairs, upgrades, and renovations have been completed. It is typically used by fix-and-flip and fix-and-hold investors to determine if a particular project will be profitable. A lender may also evaluate ARV as part

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July 15, 2024

Quick Ratio: What It Is & How to Calculate It [+ Calculator]

The quick ratio, also known as the acid-test ratio, calculates a company’s ability to cover its current liabilities by means of its current assets. It is a liquidity ratio used by a company’s stakeholders, investors, and lenders and takes a company’s quick assets—which are current

People working on a business reports.

July 9, 2024

Net Working Capital: What It Is & How to Calculate It

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Net working capital (NWC) is used to determine the financial health of a business by calculating the difference between a company’s current assets and current liabilities. You can use NWC to evaluate a company’s financial trends, growth projections, and solvency. You can use our calculator

Moving Boxes And Furniture In Office.

June 28, 2024

Equipment Lease Calculator: Calculating Your Lease Payment

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You can use our calculator above to determine the costs associated with an equipment lease, such as the monthly payments, buyout cost, and residual value. It’s also designed to provide figures for various types of lease types, including a $1 buyout, 10% buyout, and fair

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June 6, 2024

What Are Current Liabilities? How to Calculate Them [+ Calculator]

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A current liability is any financial obligation that has an amount due within the next 12 months. It can be found on your company’s balance sheet and can include loan payments, payroll expenses, and accounts payable (A/P). It’s an important figure to know because it

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May 21, 2024

SBA 7(a) Loan Calculator: Payments & Amortization

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You can use our SBA loan payment calculator above to see what your payments would be. It will also show you a full amortization table breaking down the principal and interest portions of each of your loan payments. SBA 7(a) Loan Calculator Inputs Our SBA 7(a) loan